Question

In costing closing stock is valued at______.






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Answer 1

Answer:

Explanation:

As per the conservatism principle of accounting, the closing stock is valued at cost price or at market price whichever is less.

Answer 2

Answer:

The costing closing stock is valued at

Cost price or at market price whichever is less.

Explanation:

Stock is valued at market price as closing stock as be valued at cost or market price so whichever lower that includes rule based on theory anticipated profit is not brought with the account before actual realization.

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