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Assets are recorded at their original purchase price according to the?

A) Materiality Priciple

B) Historical Cost Priciple

C) Cost Benefit Principle

D) Consistency Principle

MBA Finance Accounting Purchase Management Fixed Assets Finance
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Question added by RASHID K V , Accountant , Catco Aerospace FZE
Date Posted: 2015/05/26
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WILSON DEPALAC
by WILSON DEPALAC , assistant manager accounts , falcon pack industry llc

the answer is historical cost principle.

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