English, asked by anadikedia4, 1 month ago

explain going concern and accurse in accounts​

Answers

Answered by MIHIRMARU25
3

Explanation:

The going concern concept of accounting implies that the business entity will continue its operations in the future and will not liquidate or be forced to discontinue operations due to any reason. ... Another example of the going concern assumption is the prepayment and accrual of expenses.

Answered by Itzshizukaa01
2

Answer:

The going concern concept of accounting implies that the business entity will continue its operations in the future and will not liquidate or be forced to discontinue operations due to any reason. ... Another example of the going concern assumption is the prepayment and accrual of expenses

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