Which is not an accounting assumption underlying the structure of financial accounting theory? a. Accounting cntity b. Periodicity c. Disclosure d. Monetary a) a b)b c) C d)d

The correct answer is c) Disclosure.<br /><br />The accounting assumptions underlying the structure of financial accounting theory are:<br /><br />a) Accounting Entity - This assumption states that the business is separate from its owners and other businesses.<br /><br />b) Periodicity - This assumption allows for the division of the life of a business into artificial time periods, such as months or years, for reporting purposes.<br /><br />d) Monetary Unit - This assumption states that financial statements are recorded in a common monetary unit, such as the local currency.<br /><br />c) Disclosure - This is not considered an accounting assumption. Instead, it refers to the requirement to provide necessary information in financial statements to ensure transparency and understanding.