Which of the following methods of valuation of closing stock is followed in joint venture accounting?

Least of cost or net realisable value

Which of the following methods of valuation of closing stock is follow

1.	Which of the following methods of valuation of closing stock is followed in joint venture accounting?
A.	Net realisable value
B.	Cost price
C.	Least of cost or net realisable value
D.	None of the above
Answer» E.

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Which of the following methods of valuation of closing stock is followed in joint venture accounting?

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