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Closing stock is generally valued at______________?
Accountingmedium
ACost Price
BMarket Price
CCost price or Market price whichever is higher
Para 5, of AS-2 states that inventories should be valued at the lower of cost and net realizable value.]
Correct Answer: D. Para 5, of AS-2 states that inventories should be valued at the lower of cost and net realizable value.]
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