“A business unit is assumed to operate into foreseeable future and earn reasonable net income”. This statement is emphasized by the concept of
A business entity
B going concern
C realization
D accrual
Answer is B
Tutors, Past Questions and Projects.
“A business unit is assumed to operate into foreseeable future and earn reasonable net income”. This statement is emphasized by the concept of
A business entity
B going concern
C realization
D accrual
Answer is B