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Retail method - Gagamaru - 09-13-2010
Hi all
I am asking you about Retail Method of IFRS.
In my country, Retail method is used by department store and supermarket and so on and is not limited to use any rules.
However, in IFRS , my understanding is that the caluculating result is approximately the same cost. Does that mean we
have to use FIFO and average method once.
Regards