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Question
The rule of stock valuation ‘cost price or realisable value’ whichever is lower is based on the accounting principle of ________.
Options
Materiality
Money measurement
Conservatism
Accrual
MCQ
Fill in the Blanks
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Solution
The rule of stock valuation ‘cost price or realisable value’ whichever is lower is based on the accounting principle of Conservatism.
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