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How is closing stock is valued at the end of the accounting
year?
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Answer Posted / ameet narayankhedkar
Valuation of closing stock requires consideration of Income
Tax, Cenvat, Accounting Standards and Company Law. Stock
should be valued at cost or market value, whichever is
lower, as it is a prudent business practice.
| Is This Answer Correct ? | 7 Yes | 4 No |
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