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JKSSB Finance Accounts Assistant (FAA) GK & Accounts Test
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Q1
JKSSB FAA 2024 (30 Marks)
Easy
Under the "Going Concern Concept" of accounting principles, an enterprise is assumed to:
A
Liquidate all assets within one fiscal year
B
Continue its business operations for an indefinite period into the foreseeable future
C
Record only cash transactions and ignore accruals
D
Measure assets strictly at current liquidation market value
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