The accounting concept that assumes that a business will continue operating for an indefinite period is?

By: |Published on: Mar 19|Categories: Accounting WAEC| 0 comments

A. Business entity
B. Going concern
C. Consistency
D. Duality

Correct Answer: Option B

B. Going concern

Explanation

The going concern concept of accounting implies that the business entity will continue its operations in the future and will not liquidate or be forced to discontinue operations due to any reason.

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