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How to calculate closing stock value

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 October 2015 HOW TO CALCULATE CLOSING STOCK VALUE WEATHER ON PURCHASE VALUE OR PRESENT MARKET VALUE
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
16 October 2015 market value or cost whichever is less...!!!!!!!!!!
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