Which of the following postulates states that unless there is evidence to the contrary, it is assumed that the firm will continue indefinitely?
A) Entities
B) Time period
C) Consistency
D) Going concern
Correct Answer:
Verified
Q55: Which of the following are defined in
Q56: Which type of accounting principle is concerned
Q57: Which type of accounting principle is concerned
Q58: When we view the business entity in
Q59: Recognition and Matching are examples of:
A)input-oriented principles.
B)output-oriented
Q61: Discuss the residual equity theory and its
Q62: Distinguish between proprietary theory and entity theory.
Q63: Distinguish between input-oriented principles and output-oriented principles
Q64: What is the going-concern postulate of ARS
Q65: Discuss the matching principle and how it
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents