Assessee is having stock existing in the business. Valu - Practice (English) | ObjectiveMcq

Loading practice questions

A focused practice platform for competitive-exam MCQs, subject wise, topic wise practice, and current affairs revision.

Exams

SSC CGL
UPSC CSE PRELIMS
IBPS PO
RRB NTPC
CDS

Subjects

Mathematics
Physics
General Knowledge
English
Reasoning

Resources

Current Affairs
Search MCQs
Practice Sets

Company

About Us
Contact
Privacy Policy
Terms of Use
Disclaimer
Copyright

Practice library for exams, subjects, and daily revision. For learning purposes only.

© 2026 ObjectiveMcq.ComAll rights reserved

Assessee is having stock existing in the business. Valu - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementTax Planning And ManagementAssessee is having stock existing i...

Tax Planning And Management Business ManagementEasy

1,024 views

Assessee is having stock existing in the business. Valuation of stock will be at

Correct Answer:

(C) Cost or market price, whichever is less

Explanation:

Cost or market price, whichever is less

Related Practice

What is the cash conversion cycle?
According to law who has to pay TDS to the Income Tax Department?
Which of the following can be budgeted in tally?
Final stage in the Research Process is
Public Expenditure refers to
When using EOQ ordering, the order quantity must be computed in every order cycle.
Use of the fixed-interval model requires having a perpetual inventory system.
The objective of inventory management is to minimize holding costs.