Question

How many accounting assumptions are there???

Answer 1

Answer:

There are many accounting assumptions included in the accounting from which some are as follows❤️❤️↙️↙️

➡️Time period assumption

➡️Going concern assumption

➡️Matching principle

➡️Cost principle

➡️Monetary Unit Assumption

HOPE THIS HELPS YOU❣️❣️✔️✔️✌️✌️

Answer 2

❤❤❤❤❤

$Hiiii$

There are four basic types of assumptions used regularly in accounting. They are:

• The separate-entity assumption - which holds that the particular business entity being measured is distinct and separate from similar and related entities for accounting purposes.
• The continuity or going concern assumption - This assumption holds that the entity will not cease operations or liquidate its assets during the accounting period.
• The time-period assumption - According to this assumption, accounting reports are assumed to apply to a short time period, usually one year.
• The unit-of-measure assumption/stable monetary unit assumption - This assumption holds that the U.S. dollar is the common denominator or measuring stick for all accounting measurements taken for American companies.

$Plz\: follow\: me \:and\\Mark \: my\: ans.\: as \: brainliest$

❤❤❤❤❤