ABSTRACT
Paper Title/ Authors Name | Download | View |
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Critical analysis of LIFO and FIFO Method on Companies Profitability Position
Dr.Vilas Epper , Siddhaarth Dhongde |
There is direct relationship between cost of goods sold and profit position of companies. On one the
objective has been stated by American Institute of Certified Public Accountants is : “A major objective of
accounting for inventories is the proper determination of income through the process of matching
appropriate costs against revenues”.