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Question Practice

What does the going concern concept assume about a business?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Theory Base of Accounting
Question Bank

What does the going concern co...

Single Answer MCQ
Q-00053824

What does the going concern concept assume about a business?

1

It will cease operations soon

2

It will operate indefinitely

3

It will only focus on short-term transactions

4

It will not take loans

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