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8 The company deals in three products, A, B and C, which are neither similar nor interchangeable. At the time of closing of its account

8 The company deals in three products, A, B and C, which are neither similar nor interchangeable. At the time of closing of its account for the year 2016-17, the Historical Cost and Net Realisable Value of the items of closing stock are determined as follows: Items Historical Cost A 40 B 32 C 16 What will be the value of closing stock? Net Realizable Value: 28 32 24

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