Accountancy, asked by rkumar71379, 1 year ago

the value of land has increased from rs 500000 to 800000 but the owner did not increase amount of land in balance sheet

Answers

Answered by deep203377796

6

due to historical cost principle this principles says that we must record the value of asst at which we purchaes it

Answered by priti511

1

Answer:

Because there is a principle called Historical cost principle.

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