Multiple Choice Questions on Which of these is not a fundamental accounting assumption ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

Which of these is not a fundamental accounting assumption ........

Accountancy (11th) Chapter-1 Introduction to Accounting
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    Which of these is not a fundamental accounting assumption?

    Going concern

    Incorrect Answer

    Consistency

    Incorrect Answer

    Accrual

    Incorrect Answer

    Materiality

    Correct Answer
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    Explanation:

    consistency, going concern & accural basis are three fundamental assumptions of accountancy

    By: santosh
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    Luxmi Verma

    This is wrong.The right answer is materiality bcs this is an accounting principles.

    0 0 reply
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