As per the ________,the entity will remain in operation for the foreseeable future.
A) economic entity concept
B) monetary unit assumption
C) going concern assumption
D) cost principle

Question

Quizplus · Accepted Answer

The going concern assumption states that a company will continue to operate and exist for the foreseeable future, and therefore assets and liabilities are recorded as if the company will continue to operate indefinitely.

As Per the ________,The Entity Will Remain in Operation for the Foreseeable