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General Accounting Discussions: valuation

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    why closing stock should be valued at cost or market price which ever is less
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    as per the accounting convention of conservatism
    • CommentAuthorabusamak
    • CommentTimeDec 12th 2007
     
    Hello,
    1-useing of consrvatisem constranse you should recorde any Item in the statment at lower price.
    2-mybe the market price of share are iflated this is will overvalued the stocks without reall increas in firm value.

    may i help you
    abdullah abusamak,CMA

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