Closing Stock is shown in financial statement at:
(a) Cost Price
(b) Market Price
(c) Cost Price or Market Price whichever is greater
(d) Cost price or market price whichever is lower
Answers
Answered by
1
Answer:
cost price ok guide l and you
Answered by
3
Answer:
your answer is C) cost price
Explanation:
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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