true

Take Class 12 Tuition from the Best Tutors

Affordable fees
1-1 or Group class
Flexible Timings
Verified Tutors

Search in

Valuation of stock

27/08/2018 1 0

Stock valuation is a cumbersome process. A business can adopt numerous methods of valuation of stock viz , FIFO, LIFO, AVERAGE, WEIGHTED AVERAGE, etc

Irrespective of the usage of various method of valuation of stock, the basic principle that cost or net realisable value whichever is less should be the value of closing stock for the purpose of financial statements.

1 Like 0 Dislike

Follow 1

Other Lessons for You

Difference between influence and inspire.

Some terms are frequently used by commerce students but one must be clear with the term which is using, influence and inspire is one of them which is used by students frequently but they don't know the...

Vanya S.

1 0

Central Problems of an Economy - NCERT/CBSE, Economics, Class 12

Three central problems of every economy-

Rajiv Vadera

0 0

Goods and Service Tax: A Detailed Explanation With Examples.

Brief Intro: Introduction of Goods and Services Tax (GST) will indeed be an important perfection and the next logical step towards a widespread indirect tax reforms in India. As per, First Discussion Paper...

FR Prashanth Reddy

6 0

Essential Elements of a Valid Contract

Essential Elements of a Valid Contract: (i) Agreement: In order to constitute a contract, there must be an agreement in first place. An agreement in turn is composed of two elements-offer and acceptance....

FR Prashanth Reddy

17 0

Company Valuation

Valuing a Company using different approaches:– Investors are always interested to know while they are buying the shares of a particular company, that whether they are getting the right value on their...

Krishan K.

3 0

Find PUC Tuition near you

Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from Best Tutors on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Class 12 Tuition Questions

P P Limited is Share Broker Company. G G Limited is engaged in manufacturing of packaged food. P P Limited...

16 Answers

Under which accounting standard, cash flow statement is prepared?

5 Answers

Give two example each of Non-Current Assets and Non- Current Liabilities.

6 Answers

Give two examples of â??Significant non cash transactionsâ??.

9 Answers

Why stock is excluded from liquid assets?

5 Answers

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

Select the best Tutor
Book & Attend a Free Demo
Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

I am a Student I am a Tutor
Name*	Please enter your full name. Please enter institute name.
Email*	Please enter your email address.
Phone*	Please enter a valid phone number.
Location*	Please enter a pincode or area name.
City*	Please enter city name.
Category*	Please enter category.
Gender*	Male Female Please select your gender.
Email ID/ Mobile No.*	Please enter either mobile no. or email.
Enter Password*	Please enter OTP Please enter Password Sorry, this phone number is not verified, Please login with your email Id.