The accounting concepts which assumes that business will continue to be in existence into the…

Accounts - Principles of Accounts JAMB 2015

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

  • periodicity
  • business entity
  • dual aspect
  • going concern checkmark

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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