1.

XYZ printers purchased a printing machine for 27 lakhs on 1st April,2020. The market price of the machine on 31st March, 2021 was 32 lakhs. The company values the machine at 32 lakhs while preparing its balance sheet. Which of the accounting principle does the firm violate?​

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Sorry I am a CLASS q0th student and I can't solve this QUESTION



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