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Accounting Principles: Andare interessato

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    FAISAL A.
    YE
    FAISAL A.

    What does going concern accounting Princibles

    Gabriel O.
    ML
    Gabriel O.

    An accounting guideline which allows the readers of financial statements to assume that the company will continue on long enough to carry out its objectives and commitments. In other words, the accountants believe that the company will not liquidate in the near future. This assumption also provides some justification for accountants to follow the cost principle.

    Wendy C.
    AU
    Wendy C.

    Going Concern Assumes that the life of the business is ongoing, indefinite and continuous. This is known as the continuity principle.

    Harrison A.
    AT
    Harrison A.

    The going concern principle assumes that a business will continue operating and will not close or sold . It assumes that a business will be in operation for a long period of time . Base on this assumption, actual costs instead of liquidation values are used for presenting financial information . However,this assumption is abandoned in the event that a business is actually going out of business .

    Harrison A.
    AT
    Harrison A.

    What is going concern concept ?

    Zachary B.
    US
    Zachary B.

    What are going concern accounting principles?

    Diamond T.
    US
    Diamond T.

    What does going concern accounting Princibles

    Douglas R.
    US
    Douglas R.

    Why can't use non-current asset reports?

    Ardian R.
    flag-default-icon
    Ardian R.

    Going concern is one the fundamental assumptions in accounting on the basis of which financial statements are prepared.

    Erick V.
    PE
    Erick V.

    esto implica un conformismos empresarial y una poco intendion de crecimiento considera que si al empresa se mantiene maso menos estable o hay que hacer mayores gastos en controles cuando estos controles deberían ser considerados como inversión para mejorar los flujos financieros y el crecimiento y desarrollo de la empresa

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