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FS
Question Practice

What is the going concern postulate?

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

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Financial Statements of a Company
Question Bank

What is the going concern postulate?

Single Answer MCQ
Q-00082594

What is the going concern postulate?

1

Assumption that assets will decline in value

2

Assumption that the business will continue for the foreseeable future

3

Assumption that all transactions are profitable

4

Assumption that revenues will not fluctuate

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