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.
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Given: Balance at 31st December ............N14,744m Treasury Bills issued Jan-Dec........N7124m ...
BALANCE SHEET AS AT 31st DECEMBER, 2010 \(\begin{array}{c|c} & ₦ & & ₦ \\ \hline \te...
Carriage outwards is accounting term for amount spent on ...
The authorized share capital is ...
Resources owned and controlled by a business are classified as ...