Question

the concept that a business enterprise will not smbe sold or liquidated in the near future is known as.
a) going concern
b) economic entity
c) monitary unit
d) none of above ​

Answer 1

the correct answer is (a)

going concern

because : The concept of going concern assumes that a business firm would continue to carry out its operations indefinitely, i.e. for a fairly long period of time and would not be liquidated in the foreseeable future.

This is an important assumption of accounting as it provides the very basis for showing the value of assets in the balance sheet.

please mark as BRAINLIEST please please please