Question

As per this concept it is assumed that the business will continued to exist for a long period in the future. the transaction are recorded in the books of the business on the assumption that it is a continuing enterprise. it is on this concept that we record fixed assets at their original cost and depreciation is charged on these assets without refernce to their market value. these lines are related to which principle.​

Answer 1

Answer:

market.......

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Answer 2

Answer:

market

Explanation:

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