Q2728
In stock valuation, appilcation of the principle 'at cost price or market price whichever is lower' will result in the valuation of stock sometimes at cost price and at other times at market price. This is an application of the principle of:
A.
Consistency
B.
Materiality
C.
Conservatism
AnswerD.
Disclosure
Answer: Option C
Solution
Answer: Option C
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