Ways to Write Off the Cost of Inventory
Keywords:
inventory, materials, cost, weighted average cost, financial report
Abstract
In this article, the influence of the applied methods of writing off inventories on the value of their balance and the consumption of materials in the accounting of materials at the enterprise has been studied. Using practical examples and related findings, we illustrate the impact on financial statements of applying the weighted average cost and first-to-stock (FIFO) methods used in material valuation.
References
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2. Inventory. National Accounting Standard No. 4.
3. Abdusalomova N.B. Accounting. Textbook. - T .: "Publishing House of Innovative Development", 2021. - 944 p.
4. Abduvakhidov F.T., Koziev I.N., Dadabaev Sh.Kh. Accounting. Textbook. - T .: TSEU, 2019. - 403 p.
5. Karimov A.A., Kurbanbaev D.E., Jumanazarov S.A. Accounting: Textbook - T .: "Economy-Finance", 2019. 624 p.
6. Davletov I.R., Saidakbarov D.Kh. Influence of inventory valuation methods on financial results. Scientific-practical conference on the theme "Increasing the role of accounting, auditing and financial and credit mechanism in strengthening the economic sustainability of agricultural enterprises", Tashkent, May 30, 2015, pp. 40-44.
7. Usmanovich, B. A. (2022, February). Increasing the Competitiveness of Hotel Enterprises in Modern Market Conditions. In International Conference on Multidimensional Research and Innovative Technological Analyses (pp. 161-163).
8. Zuhriddin o’g’li, N. J. (2022). O'ZBEKISTONDA ICHKI TURIZMNI RIVOJLANTIRISH. BARQARORLIK VA YETAKCHI TADQIQOTLAR ONLAYN ILMIY JURNALI, 2(6), 159-163.
9. Zuhriddin o’g’li, N. J. (2022). RAQAMLI TEXNOLOGIYALARNING TASHQI IQTISODIY FAOLIYATNI RIVOJLANTIRISHDAGI O ‘RNI. IJTIMOIY FANLARDA INNOVASIYA ONLAYN ILMIY JURNALI, 2(6), 45-48.
10. Zukhriddinoglu, N. J. (2022). Management of the Competitiveness of Enterprises, Taking into Account the Preparation of Production. EUROPEAN JOURNAL OF INNOVATION IN NONFORMAL EDUCATION, 2(3), 250-254.
11. Zukhriddinoglu, N. J. (2022). Methods for Assessing the Competitiveness of an Enterprise in a Transforming Economy. Central Asian Journal of Literature, Philosophy and Culture, 3(3), 50-52.
12. Oglu, N. J. Z. (2022). Information Support for Enterprise Competitiveness Management. CENTRAL ASIAN JOURNAL OF SOCIAL SCIENCES AND HISTORY, 3(3), 114-118.
13. Zukhriddin o’g’li, N. J. (2022). MUQIMIYNING IJODIY MEROSI. TA'LIM VA RIVOJLANISH TAHLILI ONLAYN ILMIY JURNALI, 2(3), 82-85.
14. Usmanovich, B. A. (2022). EVALUATION AND WAYS TO IMPROVE THE FINANCIAL CONDITION OF THE ENTERPRISE. World Bulletin of Management and Law, 8, 67-70.
15. Usmanovich, B. A. (2022). EVALUATION AND WAYS TO IMPROVE THE FINANCIAL CONDITION OF THE ENTERPRISE. World Bulletin of Management and Law, 8, 67-70.
16. Usmanovich, B. A. (2022). Improving the Financial Condition and Methods of Increasing the Competitiveness of the Enterprise. American Journal of Social and Humanitarian Research, 3(1), 119-122
Published
2023-06-25
How to Cite
Bahodirovna, A. N., & A., A. M. (2023). Ways to Write Off the Cost of Inventory. International Journal on Economics, Finance and Sustainable Development, 5(6), 249-253. Retrieved from https://journals.researchparks.org/index.php/IJEFSD/article/view/4542
