Which of the following is not a Fundamental Accounting Assumption?

Question

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Materiality is not considered a Fundamental Accounting Assumption. The three fundamental accounting assumptions are Going Concern, Consistency, and Accrual, as outlined in accounting standards. Materiality, on the other hand, is a concept that guides the significance of financial information's impact on the financial statements but is not classified as a fundamental assumption.

Which of the Following Is Not a Fundamental Accounting Assumption