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Explain the going -concern concept as an accounting principle.

Explain the going -concern concept as an accounting principle.

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In this accounting principle,it is assumed that a business unit has a reasonable expectation of continued business profit for a indefinite period of time. A business is said to be a going -concern and not a gone concern because it will continue to operate in future

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Wincate 1 answered the question on October 2, 2017 at 09:25

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