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Describe the going concern assumption and describe how it isconsidered by auditors.Describe the going...

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Accounting

Describe the going concern assumption and describe how it isconsidered by auditors.

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The term going concern implies that entity will continue for ever without any predetermined life for it Thus fundamental accounting assumption calls for considering all entities shall run for indefinate period of time unless cirumstances indicate otherwise This assumption is fundamental for    See Answer
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In: AccountingDescribe the going concern assumption and describe how it isconsidered by auditors.Describe the going concern assumption and describe how it isconsidered by auditors.

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