CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Which principle covers that the company will continue for a long period of time?


A

Going concern

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B

Money measurement

No worries! We‘ve got your back. Try BYJU‘S free classes today!
C

Accounting period

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

Debit

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A

Going concern


Going concern covers that the company will continue for a long period of time.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
GAAP and Basic Accounting Concepts
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon