Accountancy, asked by prithakittal, 1 year ago

Why is it necessary for accountants to assume that business entity will remain a going concern?

Answers

Answered by Rahul0795

because when you open any new business you dont think that you have to shut down your business in near future.you want to prosper and continue your business for long time.

Previous Question

Next Question

Similar questions

Math, 7 months ago

If x - y = 6 and xy = 10 find the value of x^2+y^2...

Chemistry, 7 months ago

basic nucleus parent ring in morphine is ...

Biology, 7 months ago

In nature, nitrogen is fixed during lightning or by nitrogen fixing bacteria and blue green algae. True or false...

Accountancy, 1 year ago

please tell how to know which transaction is plus and minus in bank reconcilination statement?

Science, 1 year ago

what is the relationship between the buoyant force on an object and the liquid displaced by it...

Math, 1 year ago

Any Mathematician on Brainly ??????? (80 POINTS!!!!!) If b^2-4ac=0, then find domain of y = log (ax^3 + (a + b)x^2 + (b + c)x + c) .

Math, 1 year ago

Determine the value of the following : (i) ㏒₂₅5 (ii) ㏒₈₁3 (iii) ㏒₂ $\frac{1}{16}$ (iv) ㏒₇1 (v) ㏒ₓ√x (vi) ㏒₂521 (vii) ㏒₁₀0.01 (viii) ㏒₂₁₃ $\frac{8}{27}$ (ix) 2²+㏒₂³...

Sociology, 1 year ago

If earth had two moons ..... five plus minus and interesting points...