plz reply soon

hi i was asked d followin question in an interview...plz reply d answer for dis

during the finalisation of accounts,before signing b/s..the following mistake was found.....there is 10laks difference in inventory valuation as per standard cost and value of inventory as per physical valuation...what would u do in dis position

Replies (1)

I will take LOWER of Std. cost and Value of inventory for CLOSING STOCK.

 

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