What principle we are following if we are using Lower of Cost or Market in valuing inventories? A. Reliability B. Relevance C. Conservatism

Question added by Roger Ordoyo , Finance/Accounting Manager , Abdul Latif Jameel.
Date Posted: 2015/06/18

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by Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

Answer is C. Conservatism.

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