Of the five primary accounting concepts, which one assumes an indefinite future?

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Business

Waylon Montoya

21 April, 03:00

Of the five primary accounting concepts, which one assumes an indefinite future?

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Mariah Brock · Answer 1

Of the five primary accounting concepts, which one assumes an indefinite future? Going concern concept. The going concern concept is one of five primary accounting concepts, the concept is a fundamental principle within account. This concept states that during and beyond the fiscal year for the copay, they will complete all plans and use assets they currently have to meet their obligations.