A. Cost Price
B. Market Price
C. Cost price or Market price whichever is higher
D. Cost price or Market price whichever is lower
Related Mcqs:
- Stock should be valued at_________??
- Floating assets are valued at____________??
- Depreciation is calculated on the____________??
- While finalizing the current year‘s accounts, the company realized that an error was made in the calculation of closing stock of the previous year. In the previous year, closing stock was valued more by 50,000. As a result?
- Closing stock in the Trial Balance implies that______________??
- Prepaid expenses are valued on the Balance Sheet at?
- Find the value of opening stock from the following data. Purchases 1,50,000, Closing stock 30,000 Sales 2,20,000, Gross profit 40,000.?
- The price which covers the variable cost as well as the fixed price is
- A competitive firm will maximise profits at the output where
- Closing stock appearing in the Trial Balance is shown in:?
