Going concern concept
This query is : Resolved
17 November 2014
according to going concern concept
a-assests r recorded at cost and r depreciated over their useful life
b-assests r valued at their market value at d year end nd r recorded in d buks of account's
c-assests r valued at their market value recorded in d buks nd depreciation is charged on d market value
d- none of d above
19 November 2014
The answer is (a).
Under going concern concept the assets are recorded at cost and are depreciated over their useful life.
Under going concern concept the assets are recorded at cost and are depreciated over their useful life.
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