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Name: Which Accounting Principle is Applied for "Closing stock is valued at
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Description: Which Accounting Principle is Applied for "Closing stock is valued at lowerof cost or market price" (a) Matching Concept (b) Prudence Concept (c)Matching Concept (d) Money measurement concept

Business

Accounting

Which Accounting Principle is Applied for "Closing stock is valued at lower of cost or market price" (a) Matching Concept (b) Prudence Concept (c) Matching Concept (d) Money measurement concept

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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