Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. UI
  4. /
  5. Financial Accounting
  6. /
  7. 2019/2020
  8. /
  9. Q19
Question 19

A seller of vegetables and fruits should be encouraged to value his stock at the end of a period using the

  • A.weighted average method
  • B.simple average method
  • C.FIFO method
  • D.LIFO method
Objective

Question details

Exam body
UI
Subject
Financial Accounting
Year
2019/2020
Question no.
#19
Type
Objective
Previous · Q18Why are adjustments in the profit loss account necessary? Next · Q20 Stock valuation is useful because it informs the sales department on the

More from this paper

  • Q15The gross profit disclosed in the branch stock adjustment account represents
  • Q16The trial balance showed wages, N2,500 and a note stated that N500 wages were…
  • Q17Which of the following is the effect of an increase in the provision for…
  • Q21If salary account is debited instead of stationery account, the error committed…
  • Q22Ledger account is mainly classified into
  • Q23One major advantage of a ledger is that it
See all Financial Accounting 2019/2020 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy