In this video I have explained how to prepare Stores Ledger Account under LIFO method (Last in First Out).
ā±TIMESTAMPS
0:00 - Intro
0:12 - Concept
4:15 - LIFO Problem
FIFO - First in First Out
https://youtu.be/IqBhf-1hzbk
Simple Average Price Method
https://youtu.be/OG_XBhAaHr4
Weighted Average Price Method (AVCO)
https://youtu.be/34zPN7RUuwg
This is for the students of B.COM, BBA, CA INTER, CMA and any other accounting courses which has this chapter in its syllabus.
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