Accountancy, asked by np810124, 3 months ago

IT is on the basis of the going concern concept that assets are always valued at the market price​


np810124: True or false

Answers

Answered by nehabhosale454
0

Answer:

False,

The accounting view of asset value is to a great extent grounded in the notion of historical cost, which is the original cost of the asset, adjusted upward for improvements made to the asset since purchase and downward for loss in value associated with the aging of the asset.

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