A firm is expected not to curtail its present scale and continue at least at the existing level under which of the following concept

Business entity concept

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Going concern concept

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Money measurement concept

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Accounting period concept

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Solution

The correct option is B
Going concern concept

The going concern concept assumes that the entity will continue running for a foreseeable future & is expected not to curtail its present scale and continue to operate at least at the existing level.

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