Multiple Choice
It is generally assumed that the business will not liquidate in the near foreseeable future because of
A) Periodicity.
B) Materiality.
C) Matching.
D) Going concern.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: The balance of petty cash is?<br>A)An asset<br>B)A
Q26: Entry representing the reversal or cancellation of
Q27: Errors of carry forward from one year
Q28: In India, a company can keep its
Q29: Assets are usually valued under which basis?<br>A)Replacement
Q31: What is the important objective of accounting?<br>A)To
Q32: General rules that are used as a
Q33: Capital expenditures are the expenditures incurred for
Q34: Which accounting concept or convention which, in
Q35: In case of a debt becoming bad,