Accountancy, asked by tanya45090, 1 year ago

name any two fundamental accounting assumptions except consistency.


manish2808: Going concern and Accrual basis are other two fundamental accounting assumptions

Answers

Answered by hariHR7
3
Consistency. The assumptionstates that unless mentioned otherwise the accounting policies, procedures, standards etc followed by an entity in their accounting is assumed to have remained the same.
Answered by Anonymous
10
HELLO FRIEND;-

The assumption states that unless mentioned otherwise the accounting policies,

procedures, standards etc followed by an entity in their accounting is assumed to have remained the same.

hope \: helps
Similar questions