A

Admin • 802.91K Points
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Q. Closing stock is shown in the final accounts at:

  • (A) Selling price
  • (B) Cost price or market price whichever is higher
  • (C) Cost price or market price whichever is lower
  • (D) Invoice value
  • Correct Answer - Option(C)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
Stock is valued at cost or net realizable value, whichever is lower, as per conservatism.

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