The rule of stock valuation ‘cost price or realisable value’ whichever is lower is based on the accounting principle of:
A. Materiality
B. Money measurement
C. Conservation
D. Accrual
Answer:C
The rule of stock valuation ‘cost price or realisable value’ whichever is lower is based on the accounting principle of:
A. Materiality B. Money measurement C. Conservation D. Accrual