ACC101_-_FA_2024_-_Block_5_-_FE_3241.webp
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ACC101_-_FA_2024_-_Block_5_-_FE_3241.webp

Kizspy | Question: 4
(Choose 1 answer)
The rule that financial statements will be prepared with the assumption that the business will continue operating instead of being closed or sold, is the:
A. On-Going-concern principle.
B. Accrual basic principle.
C. Matching principle.
D. Cost Principle.
E. Consistency principle.

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