Accountancy, asked by yadavroshankumar47, 10 months ago

the closing stock was valued at market price.but the cost price per unit of products was Rs. 12 which at that time was lower than market price by Rs. 3.​

Answers

Answered by yasaswi797
1

Answer:yes

Explanation:

Closing stock/inventory is revalued annually at the end of financial year. Look at the current year data and choose which amount is lesser - cost price or market price? Then choose whichever one is lower.

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