ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
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Valuation of closing stock at the end of the year will help to determine:
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the location of items
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the rate of usage
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the availability of capital
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the record of receipts
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Explanation:
Detailed explanation-1: -Adjustment of Closing Stock in the Final Accounts It provides data relating to the value of stock unsold at the end of the accounting period. The value of closing stock is ascertained by physical verification of stock and its valuation at cost or market price whichever is lower.
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