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Gold Jewelry maker has an inventory of raw gold which costed Rs. 30 lakhs. The current market value of the gold is Rs. 38 lakhs

Gold Jewelry maker has an inventory of raw gold which costed Rs. 30 lakhs. The current market value of the gold is Rs. 38 lakhs but the accountant continued to show the value of gold as Rs. 30 lakhs. The concept used here is

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