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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
  • A. periodicity
  • B. business entity
  • C. dual aspect
  • D. going concern
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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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Post UTME Past Questions Agent
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now