Question

Stock is valued at cost or market value whichever is lower as per

Answer 1

Answer:

It is valued at Cost price or Realisable Value, whichever is less. It is based on the principle of Conservatism or prudence, According to which all anticipated losses should be recorded in the books of accounts, but all anticipated or unrealized gains should be ignored.

hope it helps you........❤️

Answer 2

have a good day ahead dear