Use the information to answer the question given. \(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{Branch mar...

Use the information to answer the question given.

\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{Branch mark-up account} & D62,000 - credit \end{array}\)

The concept applied in calculating the stock figure to be included in the balance sheet at the year end is