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22 March 2010 The Going concern concepts is the underlying basis for:
1. Stating fixed assets at their historical cost
2. Disclosing the marlet value of securities.
3. Disclosing the sales and other operating information in the income statemetn.
4. None of the above

which is true

23 March 2010 Hi Prasanna, the 1st one is the right answer. Regards, CA Shakuntala Chhangani

23 March 2010 agree with expert




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