Abstract
Valuation of stock is subjective. However, there are some established ‘methods’ and principles which are commonly applied. The physical units or quantities of stock may be valued in several alternative ways, depending on the method applied. This will obviously affect trading profits, in as much as various possible values of opening and closing stock will affect the trading and net profits for each period under review.
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© 1995 P. Stevens and B. Kriefman
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Stevens, P., Kriefman, B. (1995). Valuation of Stock. In: Work Out Accounting A Level. Macmillan Work Out Series. Palgrave, London. https://doi.org/10.1007/978-1-349-13781-7_13
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DOI: https://doi.org/10.1007/978-1-349-13781-7_13
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-63990-0
Online ISBN: 978-1-349-13781-7
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