Stock valuation

This query is : Resolved 

22 April 2015 sir stock should be valued at cost or selling price?? and why??

22 April 2015 Cost or Selling price whichever is low...

To asscertain the anticipted loss if any arises in future

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




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