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متابعة

Asset should be valued at the price paid to acquire them” is based on:

<p><strong>a. Accrual concept </strong></p> <p><strong>b. Realization concept </strong></p> <p><strong>c. Money measurement concept </strong></p> <p><strong>d. Cost concept </strong></p> <p> </p>

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تم إضافة السؤال من قبل VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
تاريخ النشر: 2014/10/20
SREEDEVI SUNILKUMAR
من قبل SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline

d. Cost concept 

fahad saleem
من قبل fahad saleem , Security Officer , Professional Security system

Agree with the lady.

MOSTAFA ABDEL FATAH IBRAHIM
من قبل MOSTAFA ABDEL FATAH IBRAHIM , Financial Accountant , Dar El Salam For Manufacturing And Importing

the answer is  d. Cost concept 

priyanka kumari priyanka
من قبل priyanka kumari priyanka , Team Lead - AML and Due deligence , Accenture - India

Its D

The Cost conept.

FITAH MOHAMED
من قبل FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

 

answer is D.  Cost concept 

Assets should be valued and be recorded it by the historical cost "  value paid "

mohamed tantawy
من قبل mohamed tantawy , Section Head , Ajlan & Bros for Development

historical cost value

 

Santhosh Kumar Gopinath
من قبل Santhosh Kumar Gopinath , Finance Manager , Arab Financial Services Company B.S.C (c), (Subsidiary of Arab Banking Corporation, Bahrain)

Cost Concept (means asset is valued based on the price paid for acquisition of the asset)

Mustafa Mustafa
من قبل Mustafa Mustafa , Asst Accounts Manager - Overseas , Pure Gold Group (Pure Gold Jewellers LLC)

Cost Concept coz

An asset's initial book value is its actual cash value or its acquisition cost. Cash assets are recorded or "booked" at actual cash value. Assets such as buildings, land and equipment are valued based on their acquisition cost, which includes the actual cash cost of the asset plus certain costs tied to the purchase of the asset, such as broker fees. Not all purchased items are recorded as assets; incidental supplies are recorded as expenses. Some assets might be recorded as current expenses for tax purposes

Ravshanbek Abdullaev
من قبل Ravshanbek Abdullaev , Accountant , Fajr Al Mustaqbal General Trading LLC

Here the cost concept is the right choice