An investment company has been valuing its inventory of land at lower of market price or cost. It now wanted to value its inventory at the current market price which is higher than the cost. Which accounting concept will violated?
The given statement is true; infrastructural development in an economy increases productivity, induces higher investment, facilitates employment, and generates more income. With the rise in income the quality of life...
Answer: Public company
A public company is a company that is not a private company. As per the Companies Act 2013, a public company has a minimum of 7 members and...