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

Is accountancy science and art? Explain ?

Is accountancy science and art?:--Accountancy plays a very important role in these days of growing commercial and trade. Frequently various laws and Acts like—Company’s Act, M.R.T.P. Act are...

Kousiki Chakraborty

1 0

What is an Assets ?

Assets are sometimes defined as resources or things of value that are owned by a company. Some examples of assets which are obvious and will be reported on a company's Balance Sheet include: cash, accounts...

Dev Group

1 0

Banking Ombudsman Scheme 2006

Banking Ombudsmen Scheme Banking Ombudsman is a quasi judicial authority functioning under India’s Banking Ombudsman Scheme 2006, and the authority was created pursuant to a decision made by the...

M. Mallick

1 0

Meaning of Accounting

MEANING: The process of accounting starts with identifying transactions and events of a financial character and recording them in books of accounts; this will be done in primary books(Journal). After the...

Praveen Kumar Urimi

0 0

Study Plan --- Key To Effective Learning

The objective of CBSE examinations/ study material is to provide teaching material to the students to enable them to obtain knowledge in the subject. Once you are aware of the syllabus, the next step is...

Kanwar Kanishk Thakur

0 0

Find Grade 12 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

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

6 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

Migrate

Class

Subject

Chapter

Migrate to

Concept Solution

Migration Successful

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.