Accountancy, asked by pratyush7291, 4 months ago

an investment company has securities as current assets having market value substantially lower than the cost price . the company continues to show them at cost . do you think the concept of prudence is being followed​

Answers

Answered by purneetkaur93
1

Answer:

Principle violated is Historical cost concept. ... Historical cost is the amount that is originally paid to acquire the asset and may be different from the current market value of the asset.

Previous Question
Next Question
Similar questions
Math, 2 months ago
Diagram of Rhoumbus with diaganal ?
Physics, 2 months ago
Starting from rest, a body rolls down along an incline that rises by 2 in every 3 along the plane. The body attaind a speed of 2√3 m/s as it t ravels a distance of 3/2 m along the incline. What could be the possible shape(s) of the body?
Science, 2 months ago
give examples of consumers of pond ecosystem​...
Hindi, 4 months ago
path me aye rotiyo ke alag alag namo ki suchi banaye aur inke bare me kuch jankari likhe ​...
Hindi, 4 months ago
गोपालदास ‘नीरज’ में कौन से विराम चिन्ह का प्रयोग हुआ है ? * 1 point क) योजक ख) अल्पविराम ग) प्रश्नसूचक घ) उद्धरण ​...
Math, 10 months ago
ABC is an isosceles triangle with AC=BC . If AB²=2AC²,then what can you say about the triangle ABC.
Hindi, 10 months ago
प्राकृतिक संसाधन किन्हें कहते हैं? किन्हीं दो प्राकृतिक संसाधनों के नाम तथा उनका एक-एक उपयोग लिखिए। ​...
English, 10 months ago
you are taken to a fair by your parents How will you behave with your parents ? explain with reference to the lesson The Lost ! Child?