Question

closing stock is value of____​

Answer 1

Answer:

Closing stock is valued at cost price or market price whichever is less.

please mark brainliest

Answer 2

Explanation:

Closing stock is the number of goods left at the end of accounting year. When closing stock is valued the market price and the cost price of closing stock is considered. Cost price is that price at which originally the goods were purchased and market price is that price which is prevailing right now in the market.