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are basic assumptions which are taken for any business and business are considered to be following them a accounting concept assumption from the given option identify which of the following cannot be considered a fundamental accounting assumption fundamentally assumptions options next one ing to dash principle an event even though it may be very important for the business will not be recorded in the books of business unless its effect can be measured in terms of money with a fair degree of accuracy so which of the following will be recorded in the books of account options competitive placing better product in market competitors strike should be divided into time intervals for the measurement of the profits of business option bianna answer next one the proforma and the contents of balance sheet and profit and loss account are prescribed by companies act so that companies show all the relevant information while preparing the financial statements this is done to ensure that dash is follow