true

Take Class 12 Tuition from the Best Tutors

Affordable fees
1-1 or Group class
Flexible Timings
Verified Tutors

Search in

Valuation of stock

27/08/2018 1 0

Stock valuation is a cumbersome process. A business can adopt numerous methods of valuation of stock viz , FIFO, LIFO, AVERAGE, WEIGHTED AVERAGE, etc

Irrespective of the usage of various method of valuation of stock, the basic principle that cost or net realisable value whichever is less should be the value of closing stock for the purpose of financial statements.

1 Like 0 Dislike

Follow 1

Other Lessons for You

Important Points / Characteristics For Computing Salary Income

For any payment to be made taxable under the head ‘Salaries’ it must fulfill the following characteristics. In case any receipt is not covered under any of these features...

Ramasamy Ulaganathan

0 0

USERS OF FINANCIAL STATEMENTS

Accounting is the language of business. The objective of such language is to communicate information which is useful for varied category of people. Collectively we call them as “Users of financial...

Fr Prashanth Reddy

4 0

Process Costing

Introduction Process Costing is a method of Costing used in industries where the material has to pass through two or more processes for being converted into final product. It is defined as a method...

Fr Prashanth Reddy

15 0

Standard Costing

Define the term Standard Costing and outline the steps involved therein. According to ICMA, London, Standard Costing refers to "the preparation and use of standard costs, their comparison with actual...

Fr Prashanth Reddy

23 0

TAF Certificate Course!!

Hi, The TAF certificate provides students with a solid foundation in Four core areas: TAX ACCOUNTS FINANCE COMPUTER PROFCIENCY Highlights of the Course 1. ...

Zeal Karwa

0 0

Find Grade 12 Tuition near you

Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from Best Tutors on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you

Class 12 Tuition Questions

Why stock is excluded from liquid assets?

5 Answers

Give two example each of Non-Current Assets and Non- Current Liabilities.

6 Answers

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

Select the best Tutor
Book & Attend a Free Demo
Pay and start Learning

Migrate

Class

Subject

Chapter

Migrate to

Concept Solution

Migration Successful

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

I am a Student I am a Tutor
Name*	Please enter your full name. Please enter institute name.
Email*	Please enter your email address.
Phone*	Please enter a valid phone number.
Location*	Please enter a pincode or area name.
City*	Please enter city name.
Category*	Please enter category.
Gender*	Male Female Please select your gender.
Email ID/ Mobile No.*	Please enter either mobile no. or email.
Enter Password*	Please enter OTP Please enter Password Sorry, this phone number is not verified, Please login with your email Id.