Recording of fixed assets at cost ensures adherence of

Asked by admin @ 17/08/2021 in Accountancy viewed by 487 People

Answered by admin @ 17/08/2021

Description: As per cost concept, the value of an asset is to be determined on the basis of historical cost i.e. the cost of acquisition. Therefore, recording of fixed assets at cost adheres to the principles of cost concept.

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Asked by admin @ 03/12/2021 in Business viewed by 480 persons

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Asked by admin @ 17/08/2021 in Social Sciences viewed by 371 persons

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Asked by maham237 @ 13/01/2021 in Business viewed by 279 persons

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Asked by maham237 @ 25/12/2020 in Business viewed by 405 persons

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