1. Why it is necessary for accountants to assume that business entity will remain a going concern?
It is necessary for accountants to assume that business entity will remain a going concern because
→ It helps in recording fixed assets......
1. Define Accounting.
Accounting is the art of recording, classifying, summarising and communicating financial information to users for correct decision making.
http://www.srisiddheswariseva.org/dissertation-office-columbia-gsas/ Dissertation Office Columbia Gsas 2. State what is end product of financial accounting?
The end product of financial accounting are......