Closing Stock Is Valued at

  1. Cost Price
  2. Market Price
  3. Net Realisable Value
  4. At Cost or Net realisable whichever is Less

Answer:

  1. 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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