{"id":105078,"date":"2022-04-29T13:01:15","date_gmt":"2022-04-29T07:31:15","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=105078"},"modified":"2022-04-29T13:01:17","modified_gmt":"2022-04-29T07:31:17","slug":"in-case-of-rising-prices-inflation-fifo-method-will","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/in-case-of-rising-prices-inflation-fifo-method-will\/","title":{"rendered":"In case of rising prices (inflation), FIFO method will"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Q. In case of rising prices (inflation), FIFO method will<\/strong><\/h3>\n\n\n\n<p>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provide lowest value of closing stock and profit<\/p>\n\n\n\n<p>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provide high est value of closing stock and profit<\/p>\n\n\n\n<p>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provide highest value of closing stock but lowest value of profit<\/p>\n\n\n\n<p>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provide highest value of profit but lowest value of closing stock<\/p>\n\n\n\n<p>Answer: Provide high est value of closing stock and profit<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In case of rising prices (inflation), FIFO method will<\/p>\n","protected":false},"author":419,"featured_media":105080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3993],"tags":[],"offerexpiration":[],"class_list":["post-105078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inventory-management-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/105078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=105078"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/105078\/revisions"}],"predecessor-version":[{"id":105081,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/105078\/revisions\/105081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/105080"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=105078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=105078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=105078"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=105078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}