Using "lower of cost and net realisable value(Market Value)" for the purpose of inventory valuation is the implementation of which of the following concepts? a) The going concern concept b) The separate entity conceptc) The prudence concept d) Matching concept

Using "lower of cost and net realisable value(Market Value)" for the p

1.	Using "lower of cost and net realisable value(Market Value)" for the purpose of inventory valuation is the implementation of which of the following concepts? a) The going concern concept b) The separate entity conceptc) The prudence concept d) Matching concept
Answer» c) The prudence concept

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Using "lower of cost and net realisable value(Market Value)" for the purpose of inventory valuation is the implementation of which of the following concepts? a) The going concern concept b) The separate entity conceptc) The prudence concept d) Matching concept

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