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AS 1
Accountancy
In this answer why closing stock is valued at net realizable value because generally closing stock is valued at cost on net realizable value whichever is lower
Answers (3)
CA Suraj Lakhotia Admin
When going concern assumption is not valid, everything is at net realisable value. As the intention is to close the business.
Sir in this question why deferred expense are written off full at one time only