Home » Accounts (Principles of Accounts) » “A business unit is assumed to operate into foreseeable future and earn reasonable net income”….“A business unit is assumed to operate into foreseeable future and earn reasonable net income”…. “A business unit is assumed to operate into foreseeable future and earn reasonable net income”. This statement is emphasized by the concept of A. business entity B. going concern C. realization D. accrual Correct Answer: Option B Explanation Related Posts Fixed assets include The cost price of a book is Le 9,000 and the selling price is Le… A reserve is an amount What is the effect on a firm for making a payment of N10,000 to creditor?… The basis upon which assets of an organization is valued is the One of the major features of bookkeeping is that it?
