Question

Inventory is valued either at cost or market price whichever is lower, according to the principle of ____: (a) Conservatism (b) Matching (c) Accrual (d) None of these

Answer 1

$<b1>$

Inventory is valued either at cost or market price whichever is lower, according to the principle of Accrual.

So, the answer is :-

[C] Accrual ✓✓

Answer 2

Hello Friend

Ans

Option.C

Thank you