Accountancy, asked by nigoutamtoppo, 1 month ago

Closing stock is recorded at

Answers

Answered by shyamkisorshyamkisor

Answer:

Recording the Value

It is ascertained at the end of the accounting period by physical verification of stock and its valuation at cost or market price whichever is lower or through the inventory records that it maintains. By recording the journal entry, this value of Closing Stock is br

Answered by panditji28

Answer:

according to me closing stock is recorded at credit side by balance c/d

Previous Question

Next Question

Similar questions

Science, 25 days ago

In which unit will you express the length of your compass...

English, 25 days ago

What's the name of the Coco Pops mascot?

Biology, 25 days ago

In an experiment involving the study of two contrasting characters in pea plant,round seed plant were crossed with wrinkled seed plant.All the seeds obtained in the first filial generation were round.When plant of the first filial were served 5,474 round seeds and 1,850 wrinkled seed were obtained. a. What conclusion can you draw from the results for the first and second filial generation.