Question

(26) Explain the limitation of average profit method?​

Answer 1

Answer:

Explanation: Where the quantity of each purchase is stable but the prices fluctuate, average cost method suits the condition. Disadvantages: (a) Profit or loss in material arises as total cost incurred usually does not become equal to the total charges

Explanation:

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Answer 2

Answer:

Where the quantity of each purchase is stable but the prices fluctuate, average cost method suits the condition. Disadvantages: (a) Profit or loss in material arises as total cost incurred usually does not become equal to the total charges