EPFO APFC • General Studies • 2023 • Q.77
Accountancy & AuditingMedium
77. In a business firm, assets of the business
are valued on the basis of their intrinsic
value rather than realizable value. This
accounting is based on
Syllabus Connection
Principles of Accountancy: Accounting concepts & conventions, double-entry bookkeeping, journal, ledger, trial balance, depreciation, final accounts preparation (trading, P&L, balance sheet), company accounts & share capital, Accounting Standards (AS & Ind AS). (APFC)
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