Which method will present greater operating income fifo or lifo in there was inflation ?

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
    
    Podcasts
- - العربية
- Use Our Mobile App
  
  Get contacted by recruiters directly with our newest chat feature!
  
  Download Now

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
What is the accounting objective which best relates to the FIFO method? a. Tax ...
Posted by:
Waled Shehata Al Qtawy
24-June-2014

Accounting Income Finance Accounting and Finance

Question added by Abdallah Gaber Saber Maharik maharik , Finance Manager , Natpack
Date Posted: 2017/10/25

Upvote (0) Views (1) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

Khateeb Hussain

by Khateeb Hussain , Senior Branch Accountant , Medicas International

FIFO will present greater income.

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Accountant Jobs Software Engineer Jobs Engineering Technicians Jobs

Write Your Answer

More Questions Like This

Which Method of the following inventory valuation method results in the same Amount under periodic and perpetual inventory Systems?
Top Answer: Under periodic and perpetual inventory system the FIFO method is best for inventory valuation See More

Answers (6)
What is better for an organization to record the inventory using LIFO & FIFO , and what is the effect on the financial ratio?
Top Answer: In manufacturing business unit many of organization use FIFO due to wastage of material. On the other han ... See More

Answers (8)
Which of the following inventory methods will always produce the same results under both a periodic and a perpetual system?
Top Answer: i go ahead with the Option a. FIFO as it is the only inventory methods that will always produce the same ... See More

Answers (5)
Anas Service Co. is a computer service center. For the month, Anas had the following operating statistics:
Top Answer: A. Return of Investment of4% See More

Answers (1)