Question

3.Entire life of a business entity point
is divided into shorter time
intervals, say of one year, under
which of the following"
1) Dual Aspect Principle
2) Going Concern Entity

3) Money Measuring Principle
4) Accounting Period concept​

Answer 1

Accounting is both a science and an art. And just like all other streams of science, even in accounting certain rules are followed. Also, accounting is based on certain assumptions as well. We call these accounting concepts or accounting concepts and principles. Let us study accounting concepts and applications in brief.

Answer 2

Answer:

3.Money mesuring Principle