Assertion: going concern | /r/HasProperty | assumed
Facets:
Source sentences:
text: A going concern is a business that is assumed will meet its financial obligations when they fall due.
text: A going concern, also known as a going concern assumption or going concern principle, is an accounting assumption stating that a business will stay in operation for the foreseeable future.
text: The going concern is one the accounting assumptions wherein the financial statements of the companies are prepared on the basis that the company will continue its working in anticipated future and has no intention or need to close materially its operations.
text: If nothing about the going concern is mentioned in the financial statementnotes, it is assumed that the company faces no threatening financial problems.