On account of which of the following conventions, stock is shown in the balance sheet at cost

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On account of which of the following conventions, stock is shown in the balance sheet at cost or market price, whichever is less?

(a) Convention of conservatism

(b) Convention of materiality

(c) Accrual concept

(d) Going concern concept

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 13, 2023 12:23 PM

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On account of which of the following conventions, stock is shown in the balance sheet at cost

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Financial Accounting

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