The most generally accepted value used in accounting is market value.

Name: The most generally accepted value used in accounting is market value.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The most generally accepted value used in accounting is historical cost. This means that assets and liabilities are recorded at their original cost, rather than their current market value. Market value may sometimes be used in certain circumstances, such as for investment securities, but it is not the primary method of valuation in accounting.

The Most Generally Accepted Value Used in Accounting Is Market