The entity continue running for forseeable future
The entity continue running until the end of accounting period
The entity will close its operation in 10 years
The entity can’t be liquidated
✅ The correct answer is A.
The going concern concept assumes that the entity continue running for forseeable future. The going concern principle is the assumption that an entity will remain in business for the foreseeable future.
The going concern concept assumes that the entity continue running for forseeable future. The going concern principle is the assumption that an entity will remain in business for the foreseeable future.