Multiple Choice Questions on Which accounting principle requires that life of a business be broken into smaller parts ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

Which accounting principle requires that life of a business be broken into smaller parts ........

Accountancy (11th) Chapter-2 Theory base of Accounting
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    Which accounting principle requires that life of a business be broken into smaller parts

    Accounting entity

    Incorrect Answer

    Prudence

    Incorrect Answer

    Going concern concept

    Incorrect Answer

    Accounting period

    Correct Answer
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    Explanation:

    Accounting to this principle life of a business is broken into smaller parts generally in a period of one year known as accounting year so tht its performance is measured at regular intervals.

    By: santosh
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