"A business unit is assumed to operate into foreseea...
"A business unit is assumed to operate into foreseeable future and earn reasonable net income". This statement is emphasized by the concept of
business entity
going concern
realization
accrual
Correct answer is B
No explanation has been provided for this answer.
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\(\begin{array}{c|c} & N \\ \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/98)} &am...
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