sail_e_0_practice_paper_1662888579527496.jpg

Accounting


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

 Next Question
Answer: Option C

Submit Solution

Your email address will not be published. Required fields are marked *



sail_e_0_practice_paper_1662888579527496.jpg