According to this concept It is assumed that business will exit for indefinite time period ........

General Accounting Principles Concepts of Accounting

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According to this concept, It is assumed that business will exit for indefinite time period

Realization concept

Going concern concept

Business Entity Concept

None of the above

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Explanation:

The going concern concept is a fundamental principle of accounting. It assumes that during and beyond the next fiscal period a company will complete its current plans, use its existing assets and continue to meet its financial obligations. Simply put, it is an assumption that the company will stay in business and that the value of its assets will endure. This underlying principle is also known as the continuing concern concept