Accountancy, asked by rajshreekembal, 1 month ago

Going concern may be defined best as: *

1 point

This concept provides the basis for the formation of the accounting equation.

This concept refuses allocation of cost on different accounting periods.

This concept discusses the issue of the realization of profit.

This concept assumes tTThat the business will operate for a long period of time and will not be dissolved in near future.

Answers

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