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Concept
Going Concern
The
going concern principle
is a
fundamental accounting assumption
that a business will continue to operate indefinitely and not
go bankrupt
or be liquidated in the foreseeable future. This assumption affects how
financial statements
are prepared, as it allows for the deferral of certain expenses and the
recognition of long-term assets
and liabilities.
Relevant Degrees
Accounting 50%
Business Administration 30%
Finance 20%
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