The company had purchased land in an upcoming area for Rs. 1 crore and the its current
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The company had purchased land in an upcoming area for Rs. 1 crore and the its current value is Rs. 1.5 crore. The company still records it at Rs. 1 crore in the books and does not book the profit of Rs. 0.5 crores. which accounting principle is used
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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