ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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CONTINUITY ASSUMPTION Definition

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CONTINUITY ASSUMPTION see GOING CONCERN CONCEPT.

 

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QUALITATIVE INFORMATION is information that is descriptive in nature, relating to, or involving quality or kind.

UNRESOLVED EQUITY is the difference between Total Assets and Total Liabilities on the Balance Sheet. Total Assets is always equal to Total Liabilities plus Equity.


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