Noora is considering selling her stores old equipment to Rashid. Rashid would like to pay 1000 Rial for the equipment. How can Noora record the value of the equipment in her business accounting records? Should Noora write the market value, Nooras cost, or the amount she will receive from the sale?

a.

Faithful Representation

b.

Historical cost principle

c.

Stable-monetary-unit assumption

d.

Entity assumption