The basis upon which assets of an organization is valued ...
The basis upon which assets of an organization is valued is the
Historical concept
Business entity concept
Periodicity concept
Materiality concept
Correct answer is A
The historical cost concept (also known as cost principle of accounting) states that the assets and liabilities of a business should be presented in accounting records at their historical cost.
The account which refers to the tangible assets of a company that is of permanent nature is the ...
.....................Departments ..................... P &nb...
Suspense account is used in the correction of ...
Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...
The balance sheet equation shows ...