Millionaire Mode

Fundamentals of Accounting - 1

Question 1 of 25

Which accounting concept gives the fundamental assumption that the business entity will continue fairly for a long time?

  1. Periodicity concept
  2. Going concern concept
  3. Money measurement concept
  4. Accrual concept

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000