Fixed Assets and Current Assets are categorized as per concept of
A)Separate Entity
B)Going Concern
C)Consistency
D)Time period

Name: Fixed Assets and Current Assets are categorized as per concept of A)Separate Entity B)Going Concern C)Consistency D)Time period
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fixed Assets and Current Assets are categorized based on the Going Concern concept, which assumes that a business will continue to operate indefinitely, thus affecting how assets are classified and valued.

Fixed Assets and Current Assets Are Categorized as Per Concept