Fundamental accounting assumptions are ______?
اکاؤنٹنگ کے بنیادی مفروضے ______ ہیں؟
- Dual aspect
- Business Entity
- Materiality
- Going concern
- All of these
Explanation
Fundamental accounting assumptions are:
- Business Entity: The business is separate from its owners.
- Going Concern: The business will continue operating indefinitely.
- Dual Aspect: Every transaction affects the accounting equation (Assets = Liabilities + Equity).
- Materiality: Significant information must be disclosed to influence stakeholders' decisions.
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