0589dbcf__Papers_and_Solved_Assignments__B
[0] 465 [A] M/s X Ltd. buys a plot of land for Rs. 25,000/-, the asset recorded in the books at Rs. 25,000/- even if its market value at that time happens to be Rs. 35,000/-. This concept of recording in the books of accounts is referred as [B] 
Cost concept
SCDL Sample Papers and Solved Assignments
B