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Which principle/guideline requires a company's balance sheet to report its land at the amount the company paid to acquire the land?

 even if the land could be sold today at a significantly higher amount؟                                   

Cost  Economic Entity  Monetary Unit

Financial Accounting
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Question added by abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date Posted: 2016/02/10
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FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

historical cost >>>>>>>>>>>>>>>

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

 ............................................historical cost

هيثم ناجى
by هيثم ناجى , محاسب اول , الفيوم لصناعة السكر

the principle of historical cost

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