|Paper Title/ Authors Name||Download||View|
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”.