Using 'lower of cost and net realisable value' for the purpose of inventory valuation is the implementation of which of the following concepts? Options: A . &nbspThe going concern concept B . &nbspThe separate entity concept C . &nbspThe prudence concept D . &nbspMatching concept

Using 'lower of cost and net realisable value' for the purpose of inventory valu

Question

Using 'lower of cost and net realisable value' for the purpose of inventory valuation is the implementation of which of the following concepts?

Options:

A . The going concern concept

B . The separate entity concept

C . The prudence concept

D . Matching concept

Answer: Option C

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