Query
uma somani (student) (106 Points)
31 August 2013
Why fix asset valued at historical cost???,,????
2 Replies
Mithun mahesh nair
(article trainee)
(22 Points)
Replied 31 August 2013
They are not purchased for day to day business. To make accounts comparable they are valued at historical cost
Ravi Kumar Prajapati
(CA FINAL)
(766 Points)
Replied 31 August 2013
As per AS-10 Accounting for fixed Asset we value fixed Asset..
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