.Mr. Kohli wishes to start a business and already assumes that the business will start in the
year of 2015 and will end by 2018, because of his old age and he will not continue further.
Putting yourself as Mr. Kohli, describe why it is necessary for an owner to assume that his
business will have a start date not an end date?
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2) In angle ABC, AD and CE are medians. If AE = 6 feet
and BC = 14 feet, determine BE and CD.
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2
Answer:
because of assumption of perpetual succession (principles of accounting )
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