1
Q
what does going concern assumption mean?
A
assumes a company is financially stable enough to meet its debts and continue its business
accounting
flashcards
Decks in class (15)
# Cards
-
Accounting Basics8
-
Types and Forms of Business16
-
Accounting Activities3
-
The Accounting Cycle1
-
Professional Accountants10
-
Net Worth9
-
Types of Assets and Liabilities2
-
Balance sheets5
-
Generally Accepted Accounting Principles1
-
International Financial Reporting Standards1
-
GAAP --> IFRS1
-
Business Entity Principle1
-
Cost Principle1
-
The Revaluation Model1
-
Going Concern Assumption1
