ACCOUNT
JAMB 2023 - Question 28
Account 2023 JAMB Past Questions - Question 28: An advantage of FIFO method of stock valuation is that
A:
B:
C:
D:
Correct Answer
B
Explanation
One of the advantages of FIFO method is that the stock received first will be issued out first thereby reducing the problem of deterioration or obsolesence and also items are issued in order of receipt therefore, it is realistic.
Frequently Asked Questions
Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.
You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.
Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.
Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.
Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.