Question

what is going concern concept?

Answer 1

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. ... This underlying principle is also known as the continuing concern concept.

Answer 2

$\mathbb{\red{\huge{Heya\:mate}}}$

$\boxed{Here\:is\:your\:@nswer}$

━━━━━━━━━━━━━━━━━━━

$\mathfrak{\blue{Q.}}$what is going concern concept?

$\mathfrak{\blue{Ans.}}$ Going concern concept or assumption assumes that business will continue its operations for a long period of time and will not be sold or adequated in near future.

━━━━━━━━━━━━━━━━━━━

$\mathbb{\huge{\green{Hope\:it\:helps!!}}}$