Accountancy, asked by snehat167, 2 months ago

27. Explain the following concepts.
(I) Going concern
(ii) Business entity

Answers

Answered by shivanikishnani

1

Going concern
The firm will continue its operations for unforeseeable future

Business entity
The firm and partners have different identity

Answered by shrutiroy54

1

Answer:

going concern

business entity

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