Question
Current investments are carried
at:Solution
As per AS 13 - Accounting for Investments, current investments are valued at lower of cost or fair value, individually or by category of investment. This ensures that any decline in value is recognized promptly.
With respect to Marginal Costing, which of the following statement is incorrect?
An entry with more than one debit or credit is known asÂ
A company purchases machinery for ₹10 lakhs and incurs ₹1 lakh on its installation. The accountant records the total ₹11 lakhs under the fixed ass...
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If nothing is given in the financial statements about the three accounting assumptions, then it is to be treated as it
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