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AccountancyCLASS 11CBSE
answered 23 Jun 2026

List out the basic accounting assumptions.

A.VERIFIED ANSWERfact-checked by tutors

List of basic accounting assumptions:

  • The Going Concern Assumption
  • The Accrual Assumption
  • The Accounting Entity Assumption
  • The Money Measurement Assumption
  • The Accounting Period Assumption

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ACCOUNTANCY · CLASS 11