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Basic query in accounting

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15 October 2013 Q1)In the Practical problem in exam when in Balance sheet we are given Asset figure , what student must assume i.e it represents Cost or Written down value? Please explain.

I will be very much thankful to you.
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CA Chandra Kishore Bajpai

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CA Chandra Kishore Bajpai (Expert)
15 October 2013 It should be treated as W.D.V. value as Balance Sheet is the balance of the accounts as at particular point of time.

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