CA CPT Dec 2018 Question Paper Fundamentals of Accounting for online practice

Question : 3 of 50

Marks: +1, -0

A machinery was purchased for ₹10,00,000 Market value as on 31-3-15 ₹11,00,000 As on 31-3-15, if the company values the machinery at ₹11,00,000, which of the following valuation principle is being followed?