111-Businesses in any economy always support the standard of living of the people. Since there are many forms of businesses starting from sole proprietorship to joint stock company. There are positive and negative aspects of all forms. The biggest advantage of a joint stock company is that unlike the business of sole proprietorship or partnership where the business ends with any violation or the death of the businessman, corporation continues for a unlimited period of time. This is known as a. Going concern concept b. Realization concepts c. Accounting period concept d. All of the options
111-Businesses in any economy always support the standard of living of the people. Since there are many forms of businesses starting from sole proprietorship to joint stock company. There are positive and negative aspects of all forms. The biggest advantage of a joint stock company is that unlike the business of sole proprietorship or partnership where the business ends with any violation or the death of the businessman, corporation continues for a unlimited period of time. This is known as a. Going concern concept b. Realization concepts c. Accounting period concept d. All of the options
Chapter1: Financial Statements And Business Decisions
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111-Businesses in any economy always support the standard of living of the people. Since there are many forms of businesses starting from sole proprietorship to joint stock company. There are positive and negative aspects of all forms. The biggest advantage of a joint stock company is that unlike the business of sole proprietorship or partnership where the business ends with any violation or the death of the businessman, corporation continues for a unlimited period of time. This is known as
a. Going concern concept
b. Realization concepts
c. Accounting period concept
d. All of the options
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