Accountancy, asked by riyarajivchauhan16, 7 months ago

• what is
going
Conceen Concept?

Answers

Answered by neelaaruna2020

4

Explanation:

Going concern is an accounting term for a company that is financially stable enough to meet its obligations and continue its business for the foreseeable future. Certain expenses and assets may be deferred in financial reports if a company is assumed to be a going concern.

ʰᵒᵖᵉ ᵗʰⁱˢ ʷⁱˡˡ ʰᵉˡᵖ ᵘ

Answered by reazuljindal2908

3

Going concern is an accounting term for a company that is financially stable enough to meet its obligations and continue its business for the foreseeable future. Certain expenses and assets may be deferred in financial reports if a company is assumed to be a going concern.

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