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Closing Stock is Always Valued at Market Price. - Book Keeping and Accountancy

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Question

Closing stock is always valued at market price.

Solution

False

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APPEARS IN

 2017-2018 (March) (with solutions)
Question 1.4.1 | 1.00 mark
 2016-2017 (March) (with solutions)
Question 1.4.4 | 1.00 mark
Solution Closing Stock is Always Valued at Market Price. Concept: Effects of Adjustments-Closing Stock.
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