Answer:
A. Going-concern principle
Explanation:
The correct Choice is A.
This concept assumes that the business unit will continue operating under the same economic conditions and in the same general environment. But it does not assume that the business unit will be profitable as long as it exists.
Accounting is based on the assumption that business unit will be operating for long. When a business is started , it is assumed that the business will not be dissolved in the near future. The accounting system provides a continuous record of the performance of the business throughout its existence.
Answer:
medium of exchange
Explanation:
Cattle is not an effective form of money. Cattle lacks medium of exchange, which makes it ineffective.
Answer:
Present value after 34years = 1000000
Cash flow at present= 5000
Using
PV= CF(1+R)^t
1000000=5000(1+R)^34
R=1.169-1
R=0.168(16.8%)
<span>Partnership. They both together running the business with efforts and money so this action called partnership. Partnership action don't have to equal it can be 80%-20% or 40%-60% or anything. Not only persons have to be two it can be three or four or anything more than one.</span>
