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The accounting concepts which assumes that business will continue to be in exist...


Question

The accounting concepts which assumes that business will continue to be in existence into the foresee ablefure is

Options

A) periodicity

B) business entity

C) dual aspect

D) going concern

The correct answer is D.

Explanation:

This concept is the only one among the listed that assumes that the business will continue to operate for an indefinitely long period of time.

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