Vidyalelo
Commerce · Q79

Miscellaneous in Commerce

Graduate and Post Graduate · Commerce · question 79

Q79

The going concern concept assumes that:

A.
The entity continue running for foreseeable future
Answer
B.
The entity continue running until the end of accounting period
C.
The entity will close its operating in 10 years
D.
The entity can't be liquidated

Answer: Option A

Solution

Answer: Option A
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