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What is going concern concept? Please let me know

Answer»

tion:The going concern concept is a FUNDAMENTAL PRINCIPLE of accounting. It assumes that during and beyond the next fiscal period a company will complete its CURRENT plans, USE its existing assets and continue to MEET its financial obligations. Simply put, it is an assumption that the company will stay in business and that the value of its assets will endure. This underlying principle is also known as the continuing concern concept.hope it's helpmark as brainliest ❤️



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