Basic query in accounting
This query is : Resolved
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.
I will be very much thankful to you.
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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