If nothing is given in the financial statements about the three accounting assumptions then it is to be treated as it | Faculties

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Mr. Dubey

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Q. If nothing is given in the financial statements about the three accounting assumptions then it is to be treated as it

(A) Is assumed that it is not followed
(B) Is assumed to be followed
(C) Is assumed to be followed to some extent
(D) None of the above

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✅ Correct Answer: (B) Is assumed to be followed

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