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Business uses a fiscal calendar for their business.
Going Concern
Going Concern
Accounting Period
Accounting Period
Business entity
Accounting Period
Business entity
Business entity
Personal transactions are not mixed with the company's transactions.
Going Concern
Going Concern
Accounting Period
Accounting Period
Business entity
Accounting Period
Business entity
Business entity
The life of a business can be divided into artificial segments of time
Going Concern
Going Concern
Accounting Period
Accounting Period
Business entity
Accounting Period
Business entity
Business entity
Indicates that personal and business record-keeping should be separately maintained.
Going Concern
Going Concern
Accounting Period
Accounting Period
Business entity
Accounting Period
Business entity
Business entity
Business shows a 4% profit for the last three years.
Going Concern
Going Concern
Accounting Period
Accounting Period
Business entity
Accounting Period
Business entity
Business entity
The practice of preparing financial statements at regular intervals.
Going Concern
Going Concern
Accounting Period
Accounting Period
Business entity
Accounting Period
Business entity
Business entity
Tracing accounting events to particular companies.
Going Concern
Going Concern
Accounting Period
Accounting Period
Business entity
Accounting Period
Business entity
Business entity
Belief that a company will continue to operate for the forseeable future.
Going Concern
Going Concern
Accounting Period
Accounting Period
Business entity
Accounting Period
Business entity
Business entity
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