Question

gopal purchased 1000 squase yard of Land to build a factory
and paid rupees 15,00,000 towards its cost (including
registration charges of Rs 1,00,000). At the end of the
year the value of Land in his books?​

Answer 1

Explanation:

The role of accounting has now shifted from that of a mere recording of business transactions to that of providing information to managers and other various interested parties in order to help them in making appropriate decisions.