The valuation procedure for stock is cost or net realisable value, whi – McqOptions

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1.	The valuation procedure for stock is cost or net realisable value, whichever is lower. The procedure follows as per
A.	Historical Cost Concept
B.	Going Concern Concept
C.	Money Measurement Concept
D.	Conservatism Concept
Answer» D. Conservatism Concept

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