Economics · Accounting Concepts
Which accounting concept assumes that a business entity will continue its operations indefinitely into the foreseeable future?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Consistency Concept
- 2Dual Aspect Concept
- 3Going Concern Concept✓
- 4Business Entity Concept
Correct answer
Going Concern Concept
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