. Manish purchased machinery for Rs.50, 000. He wants to treat the entire amount of Rs.50, 000
as an expense for the year. Do you think he is justified in treating full cost of the machinery as an
expense in the year of purchase itself? Give reason in support of your answer highlighting the
“Accounting Assumption” Involved.
Answers
Answered by
3
Answer:
Yes, I think so...
it's because of historical cost value
Answered by
0
Answer:
on going concept.................
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