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A., Abduganiyev M.
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Ways to Write Off the Cost of Inventory Bahodirovna, Abdusalomova Nadira; A., Abduganiyev M.
International Journal on Economics, Finance and Sustainable Development (IJEFSD) Vol. 5 No. 6 (2023): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v5i6.4542

Abstract

In this article, the influence of the applied methods of writing off inventories on the value of their balance and the consumption of materials in the accounting of materials at the enterprise has been studied. Using practical examples and related findings, we illustrate the impact on financial statements of applying the weighted average cost and first-to-stock (FIFO) methods used in material valuation.