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Going concern concept

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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
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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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