“Inventories should be valued at the lower of cost and net realizable valueâ€? – SAS 4 – Stocks. (

“Inventories should be valued at the lower of cost and net realizable valueâ€� – SAS 4 – Stocks.

(a) Discuss FOUR methods of valuing stock.

(b) Distinguish between �Cost? and �Net realizable value?.

Write a short note on “replacement� cost emphasizing its applicability or otherwise in these days of rising prices.

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