Closing Stock is valued at cost or market price whichever is more.

State True or False with reason :

Closing Stock is valued at cost or market price whichever is more.

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

This statement is False.

Closing stock is valued at cost or market price whichever is less. It is based on the theory of anticipated profit is not brought with the account before actual realization or the Principle of conservatism.

4 views Answered 2023-02-05 15:29

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