Accounting for Materials | Perpetual System | Simple & Weighted Average Method |Class 12 & BBS First скачать в хорошем качестве

Accounting for Materials | Perpetual System | Simple & Weighted Average Method |Class 12 & BBS First

📚 Welcome to My Teacher! In this video, we explore one of the most important chapters in cost accounting: Accounting for Materials under the Perpetual Inventory System, focusing on Simple Average and Weighted Average methods. This topic is especially designed for Class 12 and BBS 1st Year students. 🔍 What You’ll Learn: What is the Perpetual Inventory System? Meaning of Simple Average Method Meaning of Weighted Average Method Step-by-step process of recording materials using both methods How to compute issue prices based on average cost Real examples to help you understand clearly 🧾 Simple Average Method assigns the issue price as the simple average of all available purchase prices, ignoring quantities. It’s easy but less accurate when purchase quantities vary. 📊 Weighted Average Method calculates average cost by considering both price and quantity. It gives a more realistic value of issued inventory and closing stock. 🔄 Under the Perpetual System, inventory records are updated continuously after each transaction (issue or purchase), helping to track real-time stock and cost. 🎯 Perfect for NEB board exam prep and university-level basics! Don’t forget to like, share, and subscribe to My Teacher for more accounting lessons and exam-focused tutorials. #SimpleAverage #WeightedAverage #PerpetualInventory #CostAccounting #Class12Accounting #BBS1stYear #InventoryMethods #MyTeacher #NEBAccounting