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.
According to the (17th) Biennial Forest Report released in 2021 in the context of Uttarakhand state, how much area of the state is covered by the ...
Which ministry is responsible for implementing the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II?
Which of the following statement is true in context of Lilavati Awards.
1. The National Council for Teacher Education (NCTE) launched the Lilavat...
By which year is it proposed in the budget 2024-25 to set up a coal gasification and liquefaction capacity of 100 MT under Green Energy initiatives?
To boost its digital payments, which Payment bank has released the QR(Quick Response)Code Sound Box for its users?
In the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme, how much maturity/survival benefit is provided?
Which of the following statements related to the launch of Platform of Platforms (POP) are correct?
1) The Union Minister of Agriculture and Farm...
Who is the author of the story ‘Garhwali Thaat’?
According to a circular of 2020, by market regulator Sebi, open-ended debt mutual funds are required to hold at least what percentage of their corpus i...
A river drains the water collected from a specific area, is known as?