identify the accounting concept that a business enterprise will not be sold or liquifated in the near future?
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going concern concept
it is taken that business will continue for a foreseeable future and there is no intention to close the business or scale down its operations significantly. this implies that it will not be dissolved in the immediate future unless there is a clear evidence of closure.
it is taken that business will continue for a foreseeable future and there is no intention to close the business or scale down its operations significantly. this implies that it will not be dissolved in the immediate future unless there is a clear evidence of closure.
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