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What would be the right inventory accounting method in a commercial organization dealing with heavy equipment as well as consumable goods?

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Question ajoutée par Md Fazlur Rahman , Procurement Specialist , Engineering and Planning Consultants Ltd
Date de publication: 2016/01/20
Maria Charina Mandanas
par Maria Charina Mandanas , Logistics Manager , Vitarich Corporation

First in First out method is most applicable accounting method especially for consumable goods to avoid deterioration and management of goods.

ruben anerdes
par ruben anerdes , ReachStacker Operator , Katoen natie khonaini

First expiry First out is the very best method for handling of consumable goods like groceries and any food products, specially the short shelf life. 

 

AZEEZ NIYAS NADEEM
par AZEEZ NIYAS NADEEM , ACCOUNTS ASSISTANT , SERENDIB MEDICALS PVT LTD

FIFO METHOD Would Be Preferred.

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