Economics · Accounting and Auditing
According to which of the following accounting concepts is it presumed that a business will continue its operations for an indefinite or long period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Separate entity concept
- 2Going concern concept✓
- 3Realization concept
- 4Accounting period concept
Correct answer
Going concern concept
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