How tha valuation of Inventory should be done?
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Answer / h.r. sreepada bhagi
Inventory should be valued at Cost or Market value whichever
is lower. This is based on the principle of conservatism.
It's also expressed as 'Lower of cost or realizable value'.
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Answer / umamaheshwara rao
inventory should be valued at the purchase of cost or present market value, which ever is lower.
| Is This Answer Correct ? | 1 Yes | 1 No |
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