Accounting for Material(LIFO/FIFO) in Nepali || Grade 12 || Accountancy (HSEB/NEB)

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This video is based on the chapter entitled “Accounting For Material” from subject #Account of #Grade12 from Management stream. The video is prepared in #Nepali language useful for NEB (HSEB) students. Accounting for material can be performed using two methods, i.e. LIFO (Last In First Out) Method or FIFO (First In First Out) Method. You can get to know the important rules which must be considered while preparing the store ledger under LIFO or FIFO method and the format essential to draw. There are mainly three heading: Receipt, Issues and Balance. We have given you the item that goes to receipt or issued headings whereasthe balance shows the remaining stock in hand. This chapter carries 5 marks from NEB’s exams point of view.
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