Accountancy, asked by Rexlord8927, 4 months ago

According to the concept of conservation the stock in trade is valued at

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Answered by vaibhav13550

Answer:

Answer:It is valued at Cost price or Realisable Value, whichever is less. It is based on the principle of Conservatism or prudence, According to which all anticipated losses should be recorded in the books of accounts, but all anticipated or unrealized gains should be ignored.

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