Question

what is the principle of valuation o inventory

Answer 1

Answer:

the inventory of a firm should be valued at the lower of cost or net realizable value. This principle comes from the conservative system of accounting. So the principle basically states that we must value the inventory either at the cost of the inventory or at its net realizable value..

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Answer 2

Answer:

Generally, the inventory of a firm should be valued at the lower of cost or net realizable value. This principle comes from the conservative system of accounting. So the principle basically states that we must value the inventory either at the cost of the inventory or at its net realizable value.

so,

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