Accountancy, asked by pranithaamin38, 7 months ago

since the life of the business is assumed to be indefinite the financial statement of the business should be prepared only when it goes into liquidation it is true or false

Answers

Answered by kv1b11cshubhamdas

Answer:

false

Explanation:

every business entity has to prepare financial statement at the end of an accounting period, to reveal the financial position to the government and the users.

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since the life of the business is assumed to be indefinite the financial statement of the business should be prepared only when it goes into liquidation it is true or false ​

Answers

since the life of the business is assumed to be indefinite the financial statement of the business should be prepared only when it goes into liquidation it is true or false