Menu
Small cpt accounts doubt?
A businessman purchased goods for 6 lakhs and in d next year the market value of those goods are 5 lakhs but he has not valued closing stock at market price.He has violated the concept of?
a. conservatism
b. cost
reply please. ..
Replies (3)
Thanks. .thats what I was thinking but was confused. .
a. conservatism should be the answer
Recent Threads
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
Related Threads
CAclubindia
