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Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
    Which of the following methods of valuation of closing stock is followed in joint venture accounting?

    A)  Net realisable value

    B)  Cost price

    C)  Least of cost or net realisable value

    D)  None of the above

    Correct Answer: D

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