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

The accounting concepts which assumes that business will continue to be in existence into the foresee ablefure is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Periodicity
  • B Business entity
  • C Dual aspect
  • D Going concern
Correct Answer: Option 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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