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Question Practice

Which principle states that assets should be recorded at their historical cost?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Theory Base of Accounting
Question Bank

Which principle states that as...

Single Answer MCQ
Q-00053813

Which principle states that assets should be recorded at their historical cost?

1

Cost Principle

2

Materiality Principle

3

Objectivity Principle

4

Conservatism Principle

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