According to the ______ Principle of accounting, transactions are recorded on the assumption that the business will exist for an indefinite period of time.

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According to the Going Concern Concept Principle of accounting, transactions are recorded on the assumption that the business will exist for an indefinite period of time. Explanation: According to the going concern notion, it is believed that the company will continue to operate indefinitely, and this belief is also reflected in the way that transactions are documented.

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