Economics · Accounting Concepts and Principles
The assumption that a business entity will continue its operations indefinitely in the foreseeable future is based on which accounting concept?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Money Measurement Concept
- 2Materiality Concept
- 3Going Concern Concept✓
- 4Consistency Concept
Correct answer
Going Concern Concept
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