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प्रश्न
“Business units last indefinitely”. Mention and explain the concept on which the statement is based.
उत्तर
- It is based on Going Concern Concept.
- It influences accounting practices in relation to the valuation of assets and liabilities, depreciation of assets, treatment of outstanding and prepaid expenses, and accrued and unearned revenues.
- Business will be continued for a foreseeable future.
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संबंधित प्रश्न
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