Going Concern Concept in Accounting
MCQ Questions and Answers on Financial Accounting. Money measurement concept 4. Accounting Principles Accounting Principles Accounting Jobs Accounting Education Yet before negotiations can continue successfully a value must be established. . Unmodified opinion with a material uncertainty related to going concern. Enter the email address you signed up with and well email you a reset link. Click here to sign up. Accounting principles is the generally accepted accounting. It is useful in valuation of assets and liabilities depreciation of fixed assets and treatment of prepaid expenses. In accounting going concerned is the concept that the entitys Financial Statements are prepared based on the assumption that the entity operation is still operating normally in the next foreseeable period. Going Concern Concept Our accounting is based on the assumption that a business unit is a going concern. Since then it has