The underlying assumption that assumes that the life of a company can be divided into artificial time periods is:

Related MCQs

• The debentures whose principal amount is not repayable by the company during its life time, but the payment is made only at the time of Liquidation of the company, such debentures are called :
• The Principal amount of debentures will be repaid by the company either at the end of a specified period or by instalments during the life time of the company. Such types of debentures are called :
• The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is
• Which of the following is not one of the five areas into which social accounting can be divided?
• Which of the following concepts assumes that a business will last indefinitely?
• Any change in the accounting policy relating to inventories which has a material effect in the current or later periods should be disclosed. This is in accordance with the accounting principle of:
• If there is conversion of private limited company into LLP all the of the company must become partners in the LLP and no one else
• The underlying accounting principle(s) necessitating amortization of intangible asset(s) is/are
• ……………… is an artificial person created by law
• Branches are divided into