In the accounting records, the fixed assets are normally recorded at___

Cost

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Book Value

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Scrap Value

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Replacement value

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
Book Value

In the accounting records, the fixed assets are normally recorded at Book Value.

Suggest Corrections

Similar questions

All the increases or decreases in the value of assets and liabilities are then recorded into which account?

The assets are recorded in the books of account in the cost at which it was bought. This is based on which concept?

Join BYJU'S Learning Program