The concept which assumes that a business will last indefinitely is
(a) Business Entity
(b) Going concern
(c) Periodicity
(d) Conservatism
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Going concern is the concept which assumes that a business will last indefinitely.
option (b)
option (b)
sujiritha95:
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Answer:
b
Explanation:
The concept of going concern assumes that a business firm would continue to carry out its operations indefinitely
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