Question

400 will be credited to investme
20. On each sale of investment, the profit or loss is calculated as
(a) Sale Price Less Simple Average Cost (b) Sale Price Less Weighted Average Cost
(c) Sale Price Less Cost on FIFO basis (d) Sale Price Less Cost on LIFO basis
Profit on sale of investment

Answer 1

Answer:

Simple Averages Cost (b) Sales Price Less Weighted Averaged