Which is the most common basis of measurement used in Financial Statement? a- Current Cost b- NRV c- Historical Cost d- Present Value

Yes depend on Company policy but normally HIstorical Coat

Although the it depends upon the policies of the company. Anyhow, I have found that majority of the manufacturing industries use Historical Costs.

depending on company policies

 V

Historical Cost d- Present

1. Historical cost
2. Fair Value
3. NRV  (For inventories)
4. Recoverable amount (For Assets other th stock in trade)