32. Which of the following principles assumes that a business will continue for a long time?
(A) Historical cost
(B) Periodicity
(C) Objectivity
(D) Going concern
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(D)Going concern
Explanation: Going concern means the perpetual existence of business.
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Answer:
The answer is D) Going concern
Explanation:
Going concern is an accounting time period for a organization this is financially strong enough to fulfill its obligations and continue its business for the foreseeable future. sure prices and assets may be deferred in financial reviews if a enterprise is assumed to be a going situation.
a business that is making a profit They had a difficult start, but they've turned the restaurant into a going concern.
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