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Stock valuation

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(Querist)
22 April 2015 sir stock should be valued at cost or selling price?? and why??
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
22 April 2015 Cost or Selling price whichever is low...

To asscertain the anticipted loss if any arises in future
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Arpit Shah

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Arpit Shah (Expert)
22 April 2015 http://www.futureaccountant.com/final-accounts-financial-accounting/study-notes/closing-opening-stock-valuation-trading-account.php
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