What are the fundamental accounting assumptions?

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Question ajoutée par manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS
Date de publication: 2013/09/22

Apprécier (1) Vues (7) Suiveurs (2) Réponses (3) Report Question

par Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

- going concern

- unit of measure

- consistency

- the separate entity

- a specific time period

par Faraz Sultan , head of regional operations , BMSA GLOBAL

Going ConcernConsistency Time RelevanceStable Unit Of Currency

par Akram Massoud , FINANCE MANAGER , Autoexcellence LTD

The Accounting Standard1 recognises three fundamental accounting assumptions. These are:

(a) Going Concern

(b) Consistency and

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