Question

Q.2. In Accounting, Machinery purchased is classified as a fixed asset while
Rent Paid is classified as an expense. Which Accounting Principle or concept is
followed here?
a) Verifiable Objective principle
b) Historical Cost principle
1
c) Consistency Assumption
d) Going Concern Assumption
pg 00 Bulic parents endorses the bill to​

Answer 1

Answer:

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