HOW TO DO ADJUSTMENT IN STOCK VALUTION
STOCK VALUTION
(Guest)
1 Replies
sanjoy saha
(student)
(126 Points)
Replied 20 March 2010
Stock should be valued at cost or market price whichever is lower. If market price is lower than the cost ,it should be valued at market price , the resulting loss automatically gets reflected in trading a/c. No adjustment is necessary.
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