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Which accounting assumption assumes that an enterprise will continue in operation long enough to carry out its existing objectives and commitments?

a.Monetary unit assumption

b.Economic entity assumption

c.Time period assumption

d.Going concern assumption

Project Finance Cash Flow Forecasting Financial Reporting Financial Systems Feasibility Studies
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تم إضافة السؤال من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
تاريخ النشر: 2015/06/07
التصويت كمفيد (3) المشاهدات (100) المتابعون (8) الإجابات (7) بلّغ عن السؤال
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Shahbaz Hayder
من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes Option D is the right answer.

Farzain Javed Anjum
من قبل Farzain Javed Anjum , Senior Accountant/Acting Chief Accountant , Al Eatesam Modern Marketing Compnay

Going concern assumption is the correct answer

Abdul Majid Khatri
من قبل Abdul Majid Khatri , A Qualified Chartered Accountant , Honeycomb Logistics Pvt. Ltd.

Going Concern Assumption....................!!!!!

Wasim khan wazir
من قبل Wasim khan wazir , Finance Specialist , Mott Macdonald

Option D. Going concern assumption

Shazia Anees
من قبل Shazia Anees , Assistant Manager Finance , Arham Trading Company

option d =============================

Tesfaye tadesse
من قبل Tesfaye tadesse , Head Cashier , sher ethiopia hospital

4. The purchase of an office building by issuing long-term notes payable should be reported as a 

Wasiu Lamidi
من قبل Wasiu Lamidi , Instructor , UNITeS Networking Academy @ Federal Science and Technical College, Ilesa

D. Going concern principle of accounting

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