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.
The accounting entries used to record a cheque issued by a business is to? ...
In a partnership goodwill is recognized when ...
The financial statement which is an expression of the accounting equation is the ...
Errors in the ledger can be corrected through ...
The major advantages of an impurest system is that it ...
Accrual accounting differs from cash accounting because it recognizes? ...
The amount allowed off the cost price of an article to stimulate patronage is ...