Accounting · Accounting Principles
The Going Concern Concept in accounting fundamentally assumes that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The business enterprise will continue operations for the foreseeable future✓
- 2The business enterprise will close down and liquidate its assets annually
- 3All enterprise assets are to be sold immediately at current market value
- 4The net profit earned always equals the actual net cash inflow
Correct answer
The business enterprise will continue operations for the foreseeable future
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