Why are the assets are not shown in the books in market value ? Justify your answer.

Hi Megha,

The disclosure of fixed assets is based on the 'Historical Cost Concept' of Accounting. It states that all the fixed assets shall be shown in the books at their acquisition cost (historical cost).

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the assets are not shown in the books of accounts at their market value becaise the market value keeps on fluctuating and it against the princple of objectivity.
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