Cost and Managerial Accounting Online MCQ Set 3

QN01. Opening work in process inventory can be calculated as under FIFO and Average costing LIFO and Average costing FIFO and LIFO costing None of given option. Answer(A)FIFO and Average costing QN02. Which of the following statement measures the financial position of the entity on particular time? Income Statement Balance Sheet Cash Flow Statement Statement…

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