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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

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Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/06/07
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes Option D is the right answer.

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

Going concern assumption is the correct answer

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

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

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

Option D. Going concern assumption

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

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

Tesfaye tadesse
by 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
by Wasiu Lamidi , Instructor , UNITeS Networking Academy @ Federal Science and Technical College, Ilesa

D. Going concern principle of accounting

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