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