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AS – 2 Prescribes the use of which method of stock valuation?
  • a)
    FIFO 
  • b)
    LIFO
  • c)
    Weighted Average Cost 
  • d)
    Both (a) and (c) above 
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
AS – 2 Prescribes the use of which method of stock valuation?a)F...
AS can have several meanings depending on the context:

1. As a conjunction, it can be used to introduce a comparison between two things or ideas. Example: "I like chocolate as much as I like ice cream."

2. As an adverb, it can be used to describe the manner in which something is done. Example: "He ran as fast as he could."

3. As an abbreviation, it can stand for several different things:

- Alaska (state abbreviation)
- American Samoa (territory abbreviation)
- Antisocial (psychology abbreviation)
- Assistant (job title abbreviation)
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Community Answer
AS – 2 Prescribes the use of which method of stock valuation?a)F...
AS stands for multiple things, including:

1. As: a conjunction used to show the relationship between two things or actions, meaning "in the same way" or "to the same degree."

Example: He ran as fast as he could.

2. Autonomous System: a unique identifier for a group of IP networks that operate together under a common administration.

Example: The AS number for Google is 15169.

3. American Samoa: a territory of the United States in the South Pacific Ocean.

Example: AS is the postal code abbreviation for American Samoa.
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AS – 2 Prescribes the use of which method of stock valuation?a)FIFOb)LIFOc)Weighted Average Costd)Both (a) and (c) aboveCorrect answer is option 'D'. Can you explain this answer?
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