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 a method of charging goods to the branch by its head office? ...
How much selling and distribution expenses is apportioned to department M? ...
Which of the following is a credit item in an income and expenditure account? ...
Excess of current assets over current liabilities is ...
Which of the following reserves is not used for bonus shares? ...