Theyre realizing the same thing that we are realizing, that if they dont start moving some of these things forward and ticking the right boxes, then these projects just wont happen this year, said Pollet...
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FIFO – First in first out. The inventory which comes in the earliest is utilized in production. So, the inventory reflects the current prices incurred in purchasing the stock. Weighted Average Method – In this case, the inventory is valued at the average cost of the inventory. There are weights assigned to the various batches and the resultant average is how the stock is valued for the purpose of the inventory. 9. What are Debit and Credit Notes? Debit notes are created by the buyer of goods and sent to the seller when returning the goods intimating to him that the amount of the goods has been debited in his name. Credit notes are issued by the supplier of goods intimating that the value of goods has been credit in the name of the concern. 10. How is Earning Per Share (EPS) calculated? Earnings per share is a measure of the amount due to be earned by a shareholder on the company's earnings. It calculated by profits remaining after distribution to the preferred shareholders divided by the weighted average of the number of equity shares in a year.