Going run concern concept is not followed in -
A)Bank Accounts .
B)Joint Venture Accounting .
C)Partnership Accounting .
D)Proprietorship Concerns

Question

Quizplus · Accepted Answer

The going concern concept, which assumes that an entity will continue to operate indefinitely, is not typically followed in Joint Venture Accounting because joint ventures are often formed for a specific purpose or project and are intended to dissolve once the objectives are achieved.

Going Run Concern Concept Is Not Followed in -