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Theory Base of Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountTheory Base of Accounting1 Mark
MCQ
Assets (except Securities) may be valued under Ind-AS on.
  • ✓
    Historical cost.
  • B
    Fair value.
  • C
    Both historical cost and fair value.
  • D
    None of these.
✓

Answer

Correct option: A.
Historical cost.
Historical cost.

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