[Solved] When stock is valued at cost in one accounting period and at lower of cost and Net realizable value in another accounting period

Q.	When stock is valued at cost in one accounting period and at lower of cost and Net realizable value in another accounting period
A.	Prudence Principle conflicts with Consistency Principle.
B.	Matching Principle conflicts with Consistency principle.
C.	Consistency Principle conflicts with Accounting Period Assumption.
D.	None of the above
Answer» A. Prudence Principle conflicts with Consistency Principle.

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