ccounting type Question: For the purpose of final accounts, stoc : A. cost or market value whichever is lower B. market value C. ealisable value
ccounting type Question: For the purpose of final accounts, stoc : A. cost or market value whichever is lower B. market value C. ealisable value
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Accounting type Question: For the purpose of final accounts, stock is normally valued according
to: A. cost or market value whichever is lower B. market value C. replacement cost D. net
realisable value
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