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In order to succeed in any field, practice is key. The same holds true for aspiring professionals looking to master Tally, a popular accounting software used by businesses worldwid...Assumption 1: Accounting entity. A company is considered a separate living enterprise, apart from its owners; a corporation is a fictional being. Assumption 2: going concern. A company is considered a "going concern" → it is assumed to remain in existence indefinitely. Assumption 3: measurement.

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