state gov Kerala (കേരളം) PSC Divisional Accountant Test Series 2025 Financial Accounting Double Entry Book Keeping
The Capital Account shows the total expenditure to date on assets. What is stated regarding the existence of these assets on the date of the account?
1
They must all exist
2
Their existence on the date is immaterial
3
Only assets acquired in the current period must exist
4
Only major assets must exist