What do you mean by going concern assumption?
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The concept of going concern is an underlying assumption in the preparation of financial statements, hence it is assumed that the entity has neither the intention, nor the need, to liquidate or curtail materially the scale of its operations.
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the concept of goin concern is on underfliying assumptions in the preparation of financial statements hence it is assumed that the entity has neither the intention nor the need to liquidate or certain materially the scale of its operations is called goin concern assumptions
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