Give your decision in the following cases:

A business has unsold stock at the end of year. The cost price is Rs. 20,000 and its market price is Rs.25,000. At which price the unsold stock should be recorded?

What is your decision if the cost price in the above case is Rs. 21,000 ?

A businessman anticipates that it may not be possible to collect Rs. 5,000 from one of his debtors. Will he record this transaction in books of account?