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Which method of inventory costing is prohibited under IFRS? a. Specific identification. b. LIFO. c. FIFO. d. Average-cost.

Accounting Cost Accounting Economics
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Date Posted: 2016/08/30
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Zaheer uddin Raja
by Zaheer uddin Raja , Accounts Supervisor , Pakistan International Airlines

b. LIFO .......................................................

Anser Mehmood
by Anser Mehmood , Senior Accountant , FALCOR ENGINEERING & CONTRACTING SERVICES LLC

LIFO is prohibited under IFRS.

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