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Which of the represents the accounting principle

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Reference no: EM132964406

Problem 1: Which of the following represents the accounting principle of 'Going concern principle'?

Select one:

a. Financial statements to reflect the assumption that the business will continue operating instead of being closed or sold

b. Every business should prepare financial statements quarterly or annually

c. Revenue to be recorded only when the earnings process is complete

d. Every business to be accounted for separately from its owner or owners

Reference no: EM132964406

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