Question

stock is valued at cost or at market value which ever is lower as per ____? ​

Answer 1

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:

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

Explanation:

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