Accountancy, asked by dkdeepak92, 1 year ago

explain meaning and significance of going concern concept

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Answered by Anonymous

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heya #######

here is your answerThe 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. ... Thegoing concern concept is applicable to the company's business as a whole.

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