Accounting Methods for Inventory Quiz

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8 Questions

Is FIFO and LIFO a method used for managing financial aspects of inventory?

True

Is FIFO the acronym for 'first-in, first-out'?

True

LIFO can never be used for accounting purposes?

False

FIFO and LIFO are methods used for managing the cost of goods sold?

True

কোনটি সঠিক?

FIFO পদ্ধতি ব্যবহার করলে মূল্য বেড়ে যায়

What is the sum of the first five terms of the sequence given by the formula a_n = 2n - 1?

15

What is the ninth term of the sequence given by the recurrence relation a_n = a_(n-1) + 3, where a_1 = 2?

28

Which of the following best describes the monotonicity of the sequence given by the formula a_n = 2^n - n?

Increasing

Learn about FIFO and LIFO accounting methods used to manage inventory, stock repurchases, and estimate related expenses. Test your knowledge on this important aspect of accounting. (Description in Bengali)

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