name any two fundamental accounting assumptions except consistency.
manish2808:
Going concern and Accrual basis are other two fundamental accounting assumptions
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Answered by
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
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.
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.
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