A concept that a business enterprise wil | Class 11 Accountancy Chapter Theory Base of Accounting, Theory Base of Accounting NCERT Solutions

Question:

A concept that a business enterprise will not be sold or liquidated in the near future is known as :
(a) Going concern
(b) Economic entity
(c) Monetary unit
(d) None of the above

Answer:

(a) Going concern


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Welcome to the NCERT Solutions for Class 11 Accountancy - Chapter . This page offers a step-by-step solution to the specific question from Excercise 20 , Question 3: A concept that a business enterprise will not be sold or liquidated in the near future is known as :....