A

Admin • 833.24K Points
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Q. Which concept assumes a business will continue to operate indefinitely?

  • (A) Business Entity Concept
  • (B) Going Concern Concept
  • (C) Accrual Concept
  • (D) Dual Aspect Concept
  • Correct Answer - Option(B)
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  • Filed under category Accounting
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Explanation by: Admin

The Going Concern Concept assumes that the business will not be liquidated in the near future.

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