Subjective Questions on Identify and explain the accounting assumptions mentioned in the following statements 2 ma........... for Commerce ( 11 and 12th) Preparation

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Subjective Questions

Identify and explain the accounting assumptions mentioned in the following statements 2 ma...........

Accountancy (11th) Chapter-2 Theory base of Accounting
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    Identify and explain the accounting assumptions mentioned in the following statements    (2 marks)

    a) Business will last for a long time

    b) Capital introduced by the owner is treated as liability.

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