Accountancy, asked by drshrutishruti2199, 5 months ago

Which accounting concepts assumes that the business Is not going to close in near future

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Answered by itzBrainlymaster

2

Answer:

Going concern principle - What is the going concern principle? The going concern principle is the assumption that a business will continue to exist in the near future, in other words, that it will not liquidate or be forced out of business.

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