Basic accounting assumptions for WBA&AS PART 3

Описание: basic accounting assumptions for wbpsc WBA&AS Part 3
accounting term, topic wise for west bengal audit and accounts service
Basic accounting assumptions for WBA&AS (Generally Accepted Accounting Principles) are the fundamental principles that underlie financial reporting. They include the going concern assumption (the business will operate indefinitely), the monetary unit assumption (transactions are measured in a stable currency), and the time period assumption (the business's life can be divided into time periods).


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