Economics · Accounting Principles
According to which accounting concept/convention is depreciation regularly provided for in annual financial statements based on the assumption that the enterprise will continue operating indefinitely?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Convention of conservatism
- 2Going concern concept✓
- 3Convention of materiality
- 4Convention of consistency
Correct answer
Going concern concept
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