Examlex
Explain policy analysis.
Future Transactions
Financial dealings or agreements set to occur at a future date, often involving the purchase or sale of goods, services, or assets.
Separate Entity Assumption
Business transactions are separate from the transactions of owners.
Liabilities
Obligations owed by a business to individuals or other entities, ranging from loans and mortgages to accounts payable.
Continuity Assumption
An accounting principle that assumes the business will continue operating indefinitely, not being forced to cease operations or liquidate.
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