Going concern principle
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2013
License to run a business of a partnership firm has been cancelled and this case is under appeal.Can i show that the financial statements are prepared following going concern concept in the audit report?
05 August 2013
.
Until someone can breathe- he can not be declared as dead.
.
Accidental -Case:
-----------------
If the concern may go with new or existing alternatives then it should be treated as
a going concern.
.
So, until the appeal is decided you may go with the same concept.
.
Looking to the seriousness of the injury, relatives should have been informed about the status of the patient. You may convey the message to the stakeholders by way of a note.
.
Until someone can breathe- he can not be declared as dead.
.
Accidental -Case:
-----------------
If the concern may go with new or existing alternatives then it should be treated as
a going concern.
.
So, until the appeal is decided you may go with the same concept.
.
Looking to the seriousness of the injury, relatives should have been informed about the status of the patient. You may convey the message to the stakeholders by way of a note.
.
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2013
Thank u sir..!!
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