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. Conservatism
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. Conservatism D. Accrual