Which accounting concept assumes that a business enterprise will not be liquidated in the near future explain the concept
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GOING CONCERN CONCEPT:-
in this, business will run for a foresable period and its existence last long even if owner dies.
there will be no closure of business, but with some consequences it can be happen.
but as per assumption,we assume that it will never end and become a optimistic.
in this, business will run for a foresable period and its existence last long even if owner dies.
there will be no closure of business, but with some consequences it can be happen.
but as per assumption,we assume that it will never end and become a optimistic.
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