Question

Rahul a businessman has employed Sonu and has estimated his value at rate 10000 he has accounted it as an asset in the books of account is he correct in doing so

Answer 1

Answer:

No, he is not correct because in accounting only those trancsastions and events are recorded which can be measured in terms of money. Value of manpower cannot be measured in money terms and , therefore, should not be accounted.

Explanation:

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Answer 2

Explanation:

No he is correct because in account only doors translation and even saw recorded which can be made sword in terms of money