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The going concern concept assumes that
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 2011
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The going concern concept assumes that
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Every transaction is represented by a debit and credit entry
B
The currency much not change
C
The firm is a legal entity
D
The business will continue to operate indefinitely
Show Answer
Show Explanation
Correct Answer:
Option D
Explanation:
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