Q2. If the company is assumed to continue for an indefinite period of time in the future, it is said to follow: Going concern assumption Verifiable objective assumption Accounting period assumption Business entity concept Going concern assumption

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Q2. If the company is assumed to continue for an indefinite period of time in the future, it is said to follow:
Going concern assumption
Verifiable objective assumption
Accounting period assumption
Business entity concept
Going concern assumption
Transcribed Image Text:Q2. If the company is assumed to continue for an indefinite period of time in the future, it is said to follow: Going concern assumption Verifiable objective assumption Accounting period assumption Business entity concept Going concern assumption
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