kindly resolve the issue :
as per AS -2 valuation of closing stock is made
A) at cost price
B) at market price
C) cost price or market price whichever is lower
D)cost or net realizeable value whichever is lower.
thanks
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As2
Replies (2)
Hi,
Correct ans id Option D.
Thanks but Sir,
why not "C" Kundly elaborate
I look forward to hearing you
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