Theory Base of Accounting — Account STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceAccountTheory Base of Accounting1 Mark
Question
Explain Going Concern Concept.
✓
Answer
According to the Going Concern Concept, it is assumed that the business will continue for a foreseeable future and there is no intention to close or scale down the operations significantly.
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