Poonawalla fincorp
Poonawalla fincorp

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.



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