Question: While reporting inventory in the final accounts, which rule is used as accounting prudence? (a) Showing all inventory items at cost or market price, whichever

While reporting inventory in the final accounts, which rule is used as accounting prudence?

(a) Showing all inventory items at cost or market price, whichever is less

(b) Showing inventory always at cost

(c) Showing raw material at cost and finished goods at market price

(d) Always showing both raw material and finished goods at market price

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