alleryStart learning →Stock costs Rs 50,000; NRV rises to Rs 60,000. The rise is recognised:
AAs soon as the value rises
BNever, even after sale
CAt the next year end
DOnly when stock is sold
Answer & Solution
Correct answer: D. Only when stock is sold
A fall below cost is recognised at once, but a rise above cost waits until the goods are sold.
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