Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does going-concern assumption mean?

SEARCHING
Suggestion/Report Error
going-concern assumption
Noun


The basic accounting assumption that expects accounting entities, under all ordi¬nary circumstances, to continue existing indefinitely in the future.

Synonym(s): 
  • going concern assumption; going concern concept; going concern-concept.
top
© 2015-2024 Pecunica LLC.  All rights reserved.
;