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A machine is purchased for Rs150000 …

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A machine is purchased for Rs150000 its acquisition cost is Rs11000, transportation cost Rs 3100 and the installation cost is Rs 10500. As per the historical cost concept, at what value the machinery should be shown in the books of account?

    • Posted by Riya Riya 6 years, 3 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Hanspreet Singh 6 years, 2 months ago

    It is recorded at its original cost i.e 1,50,000

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