The accounting concept that assumes that a business will ...
The accounting concept that assumes that a business will continue operating for an indefinite period is
Business entity
Going concern
Consistency
Duality
Correct answer is B
The going concern concept of accounting implies that the business entity will continue its operations in the future and will not liquidate or be forced to discontinue operations due to any reason.
Which of the following is not true of a trial balance? ...
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Which of the following items is not shown in the Trial Balance ...
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Wages accrued is shown in the balance sheet as ...
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Given: Balance at 31st December ............N14,744m Treasury Bills issued Jan-Dec........N7124m ...