Essay on “Your Aim in Life” Complete Essay for Class 10, Class 12 and...

I am now in class X. Some months after, I shall pass the High School Examination and shall proceed to a senior school. Everybody who wants to study further joins a senior school. But...

Explain the qualitative characteristics of accounting information.

The qualitative characteristics of accounting information are:Reliability: Accounting information must be reliable so that business owners can be reasonably assured that accounting information presents an accurate picture of the company. All accounting information is...

Describe the role of accounting in the modern world.

The role of accounting has been changing over the period of time. In the modern world, the role of accounting is not only limited to record financial transactions but also to provide a basic...

Accountancy : Ch 2 Theory Base of Accounting Accountancy

NCERT Solutions for Class 11th: Ch 2 Theory Base of Accounting AccountancyPage No: 38Questions for PracticeShort Questions1. Why is it necessary for accountants to assume that business entity will remain a going concern?AnswerIt is...

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