Question

Define importance of inventory valuation for an organization .

Answer 1

Answer:

Inventory valuation is done at the end of every financial year to calculate the cost of goods sold and the cost of the unsold inventory. This is crucial as the excess or shortage of inventory affects the production and profitability of a business...

Explanation:

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Answer 2

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Inventory valuation is done at the end of every financial year to calculate the cost of goods sold and the cost of the unsold inventory. This is crucial as the excess or shortage of inventory affects the production and profitability of a business.

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