Accountancy, asked by pari8498, 1 year ago

valuation of closing stock at actual cost price oe market price whichever is lower is an example of which accounting convention? explain that convention

Answers

Answered by DENIKA

0

Prudence. Every accounting entry should be recorded in such a way that unrealized profit is not shown

Previous Question

Next Question

Similar questions

Math, 7 months ago

06 If sin A = 3/4 , then find cos A a) 5/6 b) V7/4 c 6/7 d 8/4...

Math, 7 months ago

Find the values of a and b: 2a(3x − 1) + 3(a x + 7) ≡ 36x + b...

Math, 7 months ago

Solve the following using laws of exponent. a) (-5/9)-² × (-3/5)-³ × (3/5)^-0 b) {(-3/7)²}-³ c) {(-7/9)-³ × (-9/7)-³}÷(-7/9)-³ d) (5-² × 2-²) × 10² e) (-3/2)-⁴ × (-3/2) f) {(-1/3)-⁴ ÷ (-1/3)^-5}³ Please help me.

English, 1 year ago

Dr. Sadao planned and helped the enemy soldier. comment...

English, 1 year ago

Write a letter to your brother who is facing a lot of stress due to preparations for exams.

Biology, 1 year ago

What is another name of ankle bone.

Math, 1 year ago

insert two rational numbers between 0.116 and 0.214...

Chemistry, 1 year ago

In_____ state of matter the constituent particle are closely packed...