Land and Building are shown at Rs.10,000 in the Balance Sheet of business owned by Mr.
Yuvraj. However as per the certificate of Govt. approved valuer, the realizable value of
Land and Building is Rs 2 lac. Mr.Yuvraj wants to show the Land and Building at this value
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we have to show the assets at the net realisable value or market value whichever is less. According to realisation concept we have to record what we have realised in business
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