why is it necessary for accounts to assume that business entity will remain as going conveen
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Hi there!
While it is not necessary in all types of business because different businesses are subject to different hiccups from the market and may not survive.
Yet in Some cases, the need to keep the records straight and able to create sufficient order in the way a business function, Accounts has to assume business will remain as convention.
hope it make sense!
While it is not necessary in all types of business because different businesses are subject to different hiccups from the market and may not survive.
Yet in Some cases, the need to keep the records straight and able to create sufficient order in the way a business function, Accounts has to assume business will remain as convention.
hope it make sense!
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