Going concern
This query is : Resolved
07 November 2011
There is a private Ltd company and the company is in loss for 3 years or has profit say nominal i.e. Rs 100 in current Year
Now I want to know how to report on this point as going concern assumption of the company.
Now I want to know how to report on this point as going concern assumption of the company.
07 November 2011
Going concern assumption is dependent upon management's perspective as well. U can conclude it after knowing thier intent about the future plans & viability of the busines.
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