Average rate calculation
This query is : Resolved
08 May 2013
I AM WORKING IN CNC MACHINE MANUFACTURING CONCERN, WHERE MATERIAL WOULD BE A MAJOR PART.PLEASE HELP ME TO KNOW SUITABLE AVERAGE RATE CALCULATION TO BE FOLLOWED.
WHAT IS THE AVERAGE RATE CALCULATION WHICH IS UNIVERSALLY ACCEPTED BY ALL THE COMPANIES.
AND ALSO PROVIDE ME THE FORMULA FOR ADOPTING SUCH AVERAGE RATE CALCULATION
WHAT IS THE AVERAGE RATE CALCULATION WHICH IS UNIVERSALLY ACCEPTED BY ALL THE COMPANIES.
AND ALSO PROVIDE ME THE FORMULA FOR ADOPTING SUCH AVERAGE RATE CALCULATION
Anil Sankar V
(Expert)
08 May 2013
Follow LIFO method for valuation
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