What do you mean by the term assumptions in accounting?

Certain fundamental accounting assumptions underlie the preparation and presentation of financial statement. There are namely, (a) Going concern, (b) Consistency and (c) Accrual. They are usually not specifically stated because their acceptance and use are assumed.


image source:

Kata Mutiara Kata Kata Mutiara Kata Kata Lucu Kata Mutiara Makanan Sehat Resep Masakan Kata Motivasi obat perangsang wanita