Accountancy, asked by aamirpeer700, 6 months ago

stock should be valued at cost of market price which ever is lower elaborate this statement .​

Answers

Answered by udaypratarawat
0

Answer:

Stock is valued at market price as Closing stock to 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

Explanation:

hope it helps you thanks

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