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Answer Posted / faiz
faizkagdi@yahoo.com
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why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
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How many types of business transactions are there in accounting?
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Unrealised profit will be debited to ?
What GP resew of balance sheet taking.
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What are the rules for debit and credit for different accounts to increase the amount in your business accounts?
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SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST