QUESTION ONE a) Explain five limitations of financial (10 marks) QUESTION TWO The following information...
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QUESTION ONE a) Explain five limitations of financial (10 marks) QUESTION TWO The following information was extracted from the stores ledger of Omega Ltd during the month of March 2017 1/3/2017 stock balance 800 units valued at shs 48,000 Receipts 4/3/2017 10/3/2017 12/3/2017 200 unitsshs 70 200 units shs 80 400 unitsshs 80 800 unitsshs 90 24/3/2017 Issues 11/3/2017 20/3/2017 26/3/2017 28/3/207 issued 800 units issued 500 units issued 300 units issued 200 units Required: Prepare a store's ledger card using the FIFO method (12
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