Accountancy, asked by ag756483, 5 hours ago

why going concern concept is to be adopted from accounts​

Answers

Answered by sachinkumar1812
1

Answer:

why going concern concept is to be adopted from accounts

Explanation:

Accountants use going concern principles to decide what types of reporting should appear on financial statements. Companies that are a going concern may defer reporting long-term assets at current value or liquidating value, but rather at cost.

Similar questions