Accountancy, asked by rajendrasoni28160, 7 months ago

ACCOUNTING ASSUMPTIONS OR CONCEPTS​

Answers

Answered by Cheeku1405
5

Answer:

There are four basic assumptions of financial accounting: (1) economic entity, (2) fiscal period, (3) going concern, and (4) stable dollar. These assumptions are important because they form the building blocks on which financial accounting measurement is based.

Answered by harshsingh992121
3

Answer:

Accounting Assumptions are

Explanation:

Business Entity Assumption.

Money Measurement Assumption.

Going Concern Assumption.

Accounting Period Assumption

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