IJEFSD
Vol. 5 No. 6 (2023): International Journal on Economics, Finance and Sustainable Development (IJEFSD

Ways to Write Off the Cost of Inventory

Bahodirovna, Abdusalomova Nadira (Unknown)
A., Abduganiyev M. (Unknown)

Article Info

Publish Date
25 Jun 2023

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.

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Journal Info
IJEFSD
Website

Abbrev

IJEFSD

Publisher

Research Parks Publishing

Subject

Economics, Econometrics & Finance

Description

International Journal on Economics, Finance and Sustainable Development (IJEFSD) is an international, peer-reviewed, and scholarly journal aimed at being a platform for interdisciplinary researchers across the globe to develop and advance both theory and practice of economics and finance while ...