Closing Stock is valued at cost price or market price whichever is least”. Which
concept of Accounting is applied here?
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CLOSING STOCK IS VALUED AT MARKET PRICE.
BUT SOMETIME IT CALCULATE ON ,
PRICE WHICH IS LOW
{ MARKET , CLOSING STOCK}
ARE PUT AS CLOSING STOCK.
BUT SOMETIME IT CALCULATE ON ,
PRICE WHICH IS LOW
{ MARKET , CLOSING STOCK}
ARE PUT AS CLOSING STOCK.
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