What are three primary consideration to consider prior to preparation of financial statement?

Question

Rakesh Jaju · Answer

Generally accepted fundamental accounting assumptions:
a. Going Concern
b. Consistency
c. Accrual

Rehan Qureshi · Answer

Rakesh Jaju has given a good answer above

mohamed el wekel · Answer

1 Financial Analyst2/3 shareholders

Arlene Digno · Answer

It is shows the Financial performance of your business reflects when sales are made and when financial are incurred. By the below three element it illustrate how much the company makes or loses.

1. Revenue

2. Expenses

3. Capital

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What are three primary consideration to consider prior to preparation of financial statement?

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