Accountancy, asked by jasima06, 7 months ago

QL
PNGC is a government owned enterprise which is currently under a lot of stress to pay
off its dues. Due to insufficient funds with the firm, government has stepped in to pay off
its debt obligations. Which accounting principle assumption has been followed by the
government in doing so?
A. Cost Concept
B. Accrual Assumption
C. Going Concern Assumption
D. Consistency Assumption (1 Mark)

Answers

Answered by kumarpawan86676

3

C. Going Concern Assumption

Explanation:

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