Which of the following is not a Fundamental Accounting Assumption?

Related MCQs

• Which of the following is true statement for computerised accounting system? a. the computer accounting system is based on the concept of database. b. Computer accounting system does not away with the concept of creating and maintaining journals, ledger etc.
• Accounting procedures and accounting practices should remain same from year to year under which of the following accounting principles:
• A business firm is separate and distinct from its owners is the assumption under which of the following accounting concepts:
• As per AS – 1, which of the following is not a Fundamental Accounting Assumptions?
• To convert the accounts prepared on cash system of accounting into mercantile system of accounting, which of these adjustments is not necessary
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• Accounting Standard 1 requires the significant Accounting Policies to
• When stock is valued at cost in one accounting period and at lower of cost and Net realizable value in another accounting period