According to the prudence concept, closing stock shall be valued at co

1.	According to the prudence concept, closing stock shall be valued at cost or ......... whichever is less.
A.	Net realisable value
B.	market price
C.	Accounting price
D.	standard price
Answer» B. market price

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According to the prudence concept, closing stock shall be valued at cost or ......... whichever is less.

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