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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
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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 Money Measurement Concept.
Explain the concept of The Dual Aspect Principle.
Define the term GAAP.
Accounting principles are necessary due to which of the following reasons?
This concept assumes that the business will continue to exist for a long time in the future.
According to Business Entity Concept:
What is business entity concept of accounting?
"Fixed assets should be valued at the market price." Comment.
Explain any two basic concepts of accounting.
Explain The Dual Aspect Principle.
