With Regards to Inventory Which of the Following Would Be

question 1

Multiple Choice

With regards to inventory which of the following would be classed as conservative accounting?

• A)Consistently and quickly applying the lower of cost and net realisable value rule.
• B)Being slow to write down slow-moving inventory.
• C)Still recording obsolete inventory as an asset.
• D)Overstating inventory by including non-existent inventory in accounts.

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