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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.

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