UrbanPro
true

Take Class 12 Tuition from the Best Tutors

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

Valuation of stock

Vijayakumar V.
27/08/2018 0 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.

0 Dislike
Follow 1

Please Enter a comment

Submit

Other Lessons for You

Allowances [Section 17(3)]: For Computing ‘Salary’ Income
Meaning and Tax Treatment of Allowances for Computing Salary Income Fully Exempted Allowances Fully Taxable Allowances Partially Taxable Allowances ( House Rent Allowance...
R

Ramasamy Ulaganathan

0 0
0

Financial Statements
At the end of the accounting period the accounting books are closed and financial statements are prepared. Financial statements are a collection of reports about an organization's financial status. The...

Henry Fayol Management Principles simplified
Hi Students, We have studied about the 14 Management Principles by Henry Fayol which are as under: Division of Work Authority & Responsibility Discipline Unity of Command Unity of Direction Subordination...

Difference between Sole Trading Concern/Sole Proprietorship and Partnership - Class 11/12, Business Studies, OC
Also useful for - NCERT/CBSE - Std XIth , ICSE/ISC - Commerce/Commercial Studies, IGCSE/GCSE, Class 12/Std XIIth - State Board, OCM

Why??????
Many times I have seen that students don't understand the basic accounting knowledge. Here I am not talking about the accounting principles or concepts. I am talking about the FUNDAMENTAL knowledge behind...
X

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

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more