(A) Cost Price (X)
(B) Market Price (X)
(C) Cost price or Market price whichever is higher (X)
(D) Cost price or Market price whichever is lower ()
Answers; Closing stock is generally valued at Cost price or Market price whichever is lower.
(A) Cost Price (X)
(B) Market Price (X)
(C) Cost price or Market price whichever is higher (X)
(D) Cost price or Market price whichever is lower ()
Answers; Closing stock is generally valued at Cost price or Market price whichever is lower.
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