Interested to Buy Any Domain ? << Click Here >> for more details...
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st
October, 2005. Transportation
and installation charges were incurred amounting Rs. 10,000
and Rs. 4,000
respectively. Dismantling charges of the old machine in
place of which new machine
was purchased amounted Rs. 10,000. Market value of the
machine was estimated at
Rs. 1,20,000 on 31st March 2006. While finalising the annual
accounts, A values the
machinery at Rs. 1,20,000 in his books.
Which of the following concepts was violated by A?
(a) Cost concept
(b) Matching concept
(c) Realisation concept
(d) Periodicity concept.
- 0 Answers
- 2035 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
How can you define departmental accounting?
how much deduction want while salary paid?
If closing stock is given in adjustments, how we show in tally 9.0 ?
how many view the tally backup erp9 after the tally backup in tally
we are paid advance to employee Rs.5000 for TADA. After Trevelling employee return Rs.500. please pass journal entry
Is there any different between Modvat & Cenvat...?
what is entry in the book in march and april for salary which is paid in april for march month?
13 Answers Infosys, Maya Buildcon,
How to take the closing balances of all ledgers into next financial year as opening balances in tally?
what is professional tax slab rate ?
Who is the sundry creditors
What is field status variant in SAP FI Module?
what is Finalization of Accounts?
Audit 
