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

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

Why one should Invest in Equity in Stock Market

An analysis of various assets shows that equity shares have given the best returns during periods of high inflation, albeit with higher volatility. Stocks have returned 19% a year, followed by bonds (8.8%)...

Rabindra K.

0 0

TDS TCS For AY 2018-19 (FY 2017-18)

Points to be considered: 1. Surcharge & Education Cess will not be considered for the purpose of TDS except in case of TDS on salary payment. 2. Higher rate of TDS for not furnishing correct PAN...

FR Prashanth Reddy

12 0

Revision is most important!!

Revising what you have studied is as much important as reading! Keep sufficient time to revise before appearing for Exams!! All the best!!!

CA. CS. Mitali Trivedi

0 0

Accounting: Principles, Concepts And Conventions

Q 1. Define Accounting. Ans. Accounting may be defined as the process of recording, classifying, summarizing and interpreting the financial transactions and communicating the results there of to the persons...

CA. Pukhraj Moondra

3 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

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

6 Answers

Why stock is excluded from liquid assets?

5 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.