Accountancy, asked by anilvnaik7497, 1 year ago

Explain Going Concern Concept?

Answers

Answered by manishajha93
11

going concern concept ;

according to this concept it is assume that business shall continue for a forcible period and there is no intention to close the business

Answered by babushall
6

as per going concern concept business is expected to continue over a period of time ...

COMMENT IF YOU ARE NOT CLEAR..

Previous Question
Next Question
Similar questions
Chemistry, 6 months ago
Name two oxide which are basic in nature ​...
English, 6 months ago
the discussion is highly revelant _ the subject ​...
Math, 6 months ago
Make p the subject a=p+prt/100...
Accountancy, 1 year ago
What Types Of Items Appear Under The Assets Side?
Accountancy, 1 year ago
How Do You Create A Common Size Balance Sheet?
Computer Science, 1 year ago
The size of an array need not be given if it initialized at the time of declaration in c true or false...
Physics, 1 year ago
Carilage tissues are likely to be slow in healing folllowing an injury because...
Accountancy, 1 year ago
A certain amount becomes rs. 17,400 in 2 years under simple interest and becomes rs. 17,496 in 2 years under compound interest, at the same rate of interest. what is the rate of interest?