Accountancy, asked by rakshitraoi7744, 1 year ago

Explain Cost Concept?

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Answered by smillygoelshreya

Cost Principle. ... It is also known as the historical cost principle. The cost principle requires that assets be recorded at the cash amount (or the equivalent) at the time that an asset is acquired.

Hope it help u mate

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Answered by lovely0123

hope it will help you...

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