The accounting concepts which assumes that business will continue to be in existence into the...
FINANCIAL
JAMB 2016
The accounting concepts which assumes that business will continue to be in existence into the foresee ablefure is
- A. periodicity
- B. business entity
- C. dual aspect
- D. going concern
Correct Answer: D. going concern
Explanation
This concept is the only one among the listed that assumes that the business will continue to operate for an indefinitely long period of time.
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