In a period of rising prices and stable inventory quantities, which of the following best describes the effect on gross profit of using LIFO as compared to FIFO?
Compared to FIFO, Cost of goods sold under LIFO will be higher because the most recent higher costs units are assumed to be the first units sold. Higher COGS under LIFO will result in lower gross profit (revenue – cost of goods sold)
India has done commendable job with respect to almost all the SDGs. What is India’s overall score in the SDG India Index 2023-24?
What is the primary objective of the Pradhan Mantri Kaushal Vikas Yojana (PMKVY)?
'Take off stage' is an economy means,
What is the Rank of India in the Global Food Security Index 2021?
What is the primary purpose of the drone flying under the SVAMITVA Scheme in rural areas?
Which of the following accurately represents the share of BRICS in the global economy?
Recycling waste materials and make full utilization of byproducts is one of the objective of ______________.
Which of the following is NOT a key component of the BBBP scheme?
The Government of India has prioritised developing a robust and cost-efficient logistics ecosystem. To fulfil this vision, the logistics division of __...
Article 21-A of the Constitution of India and its consequent legislation, the Right of Children to Free and Compulsory Education (RTE) Act, of _________...