Accountancy, asked by grace97sm, 4 months ago

What type of a theory is historical cost? How has it been derived?

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Answered by rohit208981

2

Answer:

Historical cost is usually described as a pragmatic theory whereby premises are determined by observing the practice of accountants.

Answered by Ansh0725

1

Historical cost is usually described as a pragmatic theory whereby premises are determined by observing the practice of accountants.

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