Accountancy, asked by drishtimishra120, 7 months ago

Cost of Machinery : ₹ 10,00,000

Installation Charges : ₹ 1,00,000

Market value on 31.3.2019: ₹ 12,00,000

While finalizing the accounts, if the company values the machinery at ₹ 12,00,000. Which

concept is violated by the company?

Answers

Answered by sk3sks

2

Answer:

historical cost concept (take whichever is lowest mv>cost)

Explanation:

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