As part of lowest value determination in the balance sheet valuation procedure, <b>the user has the task of determining the lowest value by market price, range of coverage, and movement rate</b>. He or she is also responsible for carrying out loss-free valuation.
The lowest value principle is a method of valuating material stocks for balance sheet purposes. The aim of this method is to valuate stocks as accurately as possible according to the recognition-of-loss principle. It is based on the following:
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