What does the going concern concept say?
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The going concern concept is a fundamental principle of accounting. It assumes that during and beyond the next fiscal period a company will complete its current plans, use its existing assets and continue to meet its financial obligations.
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it means that business will continue to exist long time in the future and there is no intention to close business this implies that the company will not be forced to discontinue this principle sound motivational this principle tell us that benefit are recognised as a fixed assets not expense the business will be more than a year and measurement of income and profit
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