Accountancy, asked by ag756483, 24 days 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.

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