Closing Stock Is Valued at

Cost Price

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Market Price

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Net Realisable Value

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At Cost or Net realisable whichever is Less

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Solution

The correct option is D
At Cost or Net realisable whichever is Less

Due to the prudence concept of accounting, the closing stock is valued at cost or net realisable value or market value, whichever is less.

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Similar questions

Closing Stock Is Always Valued At Market Price. (True/False)

What should we do to find out the closing stock when the following information is given :-

Closing stock was valued at Rs 25,000. (Market value Rs. 15,700)

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