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प्रश्न
According to the ______ Principle of accounting, transactions are recorded on the assumption that the business will exist for an indefinite period of time.
विकल्प
Business Entity Concept
Dual Aspect
Going Concern Concept
Money Measurement Concept
उत्तर
According to the Going Concern Concept Principle of accounting, transactions are recorded on the assumption that the business will exist for an indefinite period of time.
Explanation:
According to the going concern notion, it is believed that the company will continue to operate indefinitely, and this belief is also reflected in the way that transactions are documented.
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संबंधित प्रश्न
Explain the Business Entity Concept.
GAAP stands for ______.
According to this principle, revenue is deemed to be realised when the goods have been transferred or the services have been rendered to a customer.
What is meant by going concern concept of Accounting.
Name the basic principles of accounting.
"Fixed assets should be valued at the market price." Comment.
Explain any two basic concepts of accounting.
Explain The Dual Aspect Principle.
Write short note on Going Concern Concept.
Explain the realisation principle.
