multiplication
FIFO
The NPA is a Non Performing Asset as defined by the Reserve Bank of India. To calculate the Net NPA you take the Gross NPA minus the balance of a suspense account, DICGC claims, part payments received, and the provisions held.
capital reserve is not a free reserve
Amalgamation reserve means the expenses bear by Transferee company for amalgamation with Transferor company is treated as reserve, this reserve is called as amalgamation reserve
LIFO Reserve
a decrease in the LIFO reserve is subtracted from LIFO cost of goods sold.
Lifo Fifo
multiplication
LIFO stands for Last In First Out. Ex: Stack
what is the difference beyween lifo and fifo
fifo
what are the statutory reserves of a company?
Erv = FEV - TV
b
Indicates the effect on income if LIFO were not used.
FIFO First in first out LIFO Last in last out