All the following items are classified as fundamental accounting assumptions except?
The business entity concept in accounting is the principle that a business is considered to be separate and distinct from its owners or other businesses. This means that the business is treated as a legal entity in its own right, and its financial transactions and activities are recorded and reported separately from the personal transactions of its owners. The three fundamental accounting assumptions are: Consistency - This assumption requires that a business uses the same accounting methods and principles from one period to another. Going concern - This assumption assumes that the business will continue to operate for the foreseeable future. Accrual - This assumption requires that transactions and events are recognized in the financial statements when they occur, regardless of when the cash is received or paid.
____________ Government launched an online service for verification of identity and submission of life certificates for the pensioners of the state gove...
Vinod Dua passed away. Who was he?
Which campaign, celebrated "Jal Diwali," aimed to include women in water governance under the Atal Mission for Rejuvenation and Urban Transformation (AM...
Consider the following statements about UNESCO Asia-Pacific Awards for Cultural Heritage Conservation 2023:
1. Recently, three herita...
Who is the first female Chief Secretary of Maharashtra?
‘Paired Early Career Fellowship in Applied Research (PECFAR)’ is related to explore opportunities for connecting and networking for research collabo...
PM Narendra Modi gives exquisite Agate Bowls to Russian President Vladimir Putin. It is made by the tribal community and artisans of ___________.
Which of the following public sector bank has extended its sponsorship for Khleo India Youth Games ( KIYG ) in Madhya Pradesh and remained as KIYG's Pri...
The ‘Pradhan Mantri Kisan Sampada Yojana (PMKSY)’ has been extended till March 2026 with an allocation of Rs 4,600 crore. The scheme aims fo...
Under Pradhan Mantri Gram Sadak Yojana, Union Government bears ____% of the project cost in respect of projects sanctioned in North-Eastern and Himalaya...