🔴 Consistency fundamental Accounting assumptions Accounting principles Accounting concepts class 11

#Consistency_Concepts_class 11

🔴 Business Entity Concept |Accounting Principles Class 11 | Why Capital is treated as Liability
https://youtu.be/63ECmCjL7iU

🔴Revenue Recognition concept |Accounting Principles | what is revenue | Revenue recognition in hindi
https://youtu.be/K-4MXW6W3-o

🔴 Going Concern Concepts | Accounting Principles | Fundamental Accounting Assumption
https://youtu.be/IN-Qa46E8RA

🔴 Matching Concept || Accounting Principles class 11 || Matching concepts in hindi
https://youtu.be/Uq_FwXMKBMU
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This assumption states that unless and until things are mentioned in the accounting policies, procedures, standards, etc, Things that have been followed in accounting remains the same. This allows for uniformity in the financial statements of a company over the years. It also becomes easier to compare financial statements from the previous years, something that is important to potential investors and other external stakeholders.

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