Question on: JAMB Accounting - 2023
Which of these is not method of stock valuation?
A
FIFO method
B
Base method
C
Standard method
D
LIFO method
Ask EduPadi AI for a detailed answer
Correct Option: C
The 'Standard method' is not a method of stock valuation. The commonly used methods of stock valuation include FIFO (First-In-First-Out), LIFO (Last-In-First-Out), and Weighted Average Cost. The 'Standard method' is not a recognized method in accounting.
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