why going concern concept is to be adopted from accounts
Answers
Answered by
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
French,
2 hours ago
Social Sciences,
5 hours ago
Business Studies,
7 months ago
Math,
7 months ago
Math,
7 months ago