Financial Accounting MCQs

If the Market value of closing Inventory is less than its cost price, inventory will he shown at

April 25, 2022

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If the Market value of closing Inventory is less than its cost price, inventory will he shown at

Q. If the Market value of closing Inventory is less than its cost price, inventory will he shown at

A. Fair Market value

B. Both

C. Marketable value

D. none

Answer: Marketable value

If the Market value of closing Inventory is less than its cost price, inventory will he shown at

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If the Market value of closing Inventory is less than its cost price, inventory will he shown at

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