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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Closing stock is valued at ______. - Accountancy

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Question

Closing stock is valued at ______.

Options

  • Cost price

  • Market price

  • Cost price or market price whichever is higher

  • Cost price or net realisable value whichever is lower

MCQ
Fill in the Blanks
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Solution

Closing stock is valued at cost price or net realisable value whichever is lower.

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Chapter 13: Final Accounts of Sole Proprietors - 2 - Multiple choice questions [Page 309]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 13 Final Accounts of Sole Proprietors - 2
Multiple choice questions | Q I 3. | Page 309
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