Business Studies, asked by rohitkumar2162, 11 months ago

Why is it necessary for accountants to assume that the business entity willremian a going concern?

Answers

Answered by jyotijoshi120302
7

Because this entity's concept would lead the entrepreneur to invest more and more to gain more profit.... If it would not be so..... None of the businessnan would prefer to take risk... So it must be assumed that business will survive for long run

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