The concept that implies that a business will operate for...
The concept that implies that a business will operate for an indefinitely long period of time is...............
Going concern concept
Accrual concept
Business entity concept
Periodicity concept
Correct answer is A
The going concern concept is an accounting term that states that a business entity will continue running its operations in the foreseeable future and will not be liquidated or forced to discontinue operations for any reason.
A business extracted its trial balance and discovered that the total of the credit side exceede...
Which of the following does a consignee prepare and send to his consignor? ...
\(\begin{array}{c|c} & Halima & Ibinabo \\ & N & N \\ \hline \text{Capital accounts ...
Rakiya and joy are in a partnership and agreed that 5% interest per annum is to be charged on ...
The maximum amount which a company is allowed to raise through the sale of shares is ...
Partly manufactured goods are treated in the balance sheet of a manufacturing company as ...
The journal has the following headings except ...
The document from which entries are transferred to the purchases day book is the ...
Given: Shaku Company Ltd. Stock..........................N3,600,000 Cash at hand..................