Floating assets are valued at:
تیرتے اثاثوں کی قدر کی جاتی ہے۔
- Cost
- Market price
- Cost or market price whichever is lower
- Cost less depreciation ·
Explanation
Floating assets are assets that are continually changing in quantity and/or value, such as:
amount of accounts receivable,
cash
inventory
outstanding shares.
Floating assets are valued at cost or market value whichever is lower because of the prudence principle.
ND5-09-2023
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