Question

which of the following is recorded in the books of accounts​

Answer 1

Answer:

Cost concept- The cost concept requires that all assets are recorded in the book of accounts at their purchase price, which includes cost of acquisition, transportation, installation and making the asset ready to use. Hence, it shall be recorded at its cost.

Explanation:

please mark brainlist and follow me guys❤❤

I wanna wait for your support and love notifications❤❤