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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.
What will come in the place of question mark (?) in the given expression?
(70 × 8 ÷ 10) × 5 = ?
20% of 1500 – 75% of 200 = 125% of ?
?2 = √20.25 × 10 + √16 + 32
[192 ÷ 6 × 5] ÷ (? + 3) = 20
65% of ? = 50 + 20 × 4
What will come in place of the question mark (?) in the following question?
24.30% of 372.32 = ?
40% are the passing marks. A student gets 250 marks yet fails by 38 marks. What is the maximum marks?
{(300 ÷ 15)% of 1500} ÷ 6 = ? + 120
(√ 1444 ÷ 5) × 3.25 = ?