Accountancy, asked by namanguptaji2202, 7 months ago

what is going concern concept ​

Answers

Answered by gsailajasravani
0

Explanation:

A going concern is a business that is assumed will meet its financial obligations when they fall due. It functions without the threat of liquidation for the foreseeable future, which is usually regarded as at least the next 12 months or the specified accounting period

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