Which principle requires businesses to use the cost incurred to acquire an asset as its recorded value in the accounting books?
The Historical cost principle requires businesses to use the cost incurred to acquire an asset as its recorded value in the accounting books. This principle helps to ensure that the financial statements reflect the actual costs of assets, which is important for measuring profitability and making informed decisions.
It is about time we tell you that you should start preparing for the exam sincerely.
He reasoned that reform would be futile, as nobody would (A)/surrender power peacefully, and he grew (B)/ever more despondent in the 1930s when European...
Located 140 km away from Srinagar, Drass valley in Kargil District is often described as the “Gateway to Ladakh.”
Tiger is a beautiful animal faced with a serious threat of extinction unless adequate efforts are not made in this direction which will indeed pave way ...
At his birth, it was predicted that he will grow up to be a world ruler but it was not clear whether this would be political or spiritual.
Identify the segment that contains a grammatical error. If there is no error, select 'No error'.
Barely had she entered her home that her childre...
At the heart of the/ conflict is the government’s/ mission to capture or killing the/ leader of the terrorist group.
...Given below is a sentence with or without an error. The error, if any, is in one part of the sentence. Choose the correct part which contains the error...
E-learning platforms were now aiding (A)/ billions of students who are unable (B)/to access physical classrooms.(C)/ No error (D)
In fact, if one were to draft (A)/a list of the differences between slavery and Jim Crow, (B)/the list might well be longer (C)/than those of similariti...
