The accounting concept that assumes that a busi... - WAEC Accounting 2015 Question
The accounting concept that assumes that a business will continue operating for an indefinite period is
A
Business entity
B
Going concern
C
Consistency
D
Duality
correct option: b
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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