The golden rule of valuing stock at cost price or market price is concerned with which of the following concepts of accounting?

According to conservatism, the business should not anticipate any profit but provide for all possible losses. Thus, stocks should be valued as stated above. Consistency concept advocates for following the accounting policies consistently. Realisation concept advocates for recording the change in value of asset only when it is realised. Cost concept states that the asset should be recorded in the books at cost price minus depreciation if any.