Advertisements
Advertisements
Question
Answer in one sentence only.
How is closing stock valued?
One Line Answer
Solution
Closing stock is valued at cost price or market price, whichever is less.
shaalaa.com
Effects of Adjustments-Closing Stock
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Closing stock is always valued at market price.
When closing capital is greater than opening capital, it denotes _______.
Answer in one sentence only.
What is closing stock?
Answer in one sentence only.
What do you mean by direct expenses?
Answer in one sentence only.
What do you mean by indirect expenses?
State whether the following statement is True or False.
Closing stock is always valued at market price.
