A

Admin • 833.24K Points
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Q. Which concept assumes that a business will continue for a long time?

  • (A) Business Entity
  • (B) Going Concern
  • (C) Cost Concept
  • (D) Consistency
  • Correct Answer - Option(B)
  • Views: 19
  • Filed under category Accounting
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Explanation by: Admin

Going Concern Concept assumes that the business will not be liquidated soon.

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