answersLogoWhite

0

What is going-concern Assumption?

Updated: 9/21/2023
User Avatar

Wiki User

12y ago

Best Answer

Going concern is the assumption that the company will be around for the foreseeable future. If an auditor has a going concern issue, he/she may fear that the company will go bankrupt, etc.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is going-concern Assumption?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you use assumption in sentence?

It'll take a lot of gumption to espouse that assumption. That's your assumption. That is not an assumption.


What is an assumption of aged people?

I think assumption of older people is cultural assumption What do you think


Sentence for the word assumption?

I do not support your assumption. Your assumption is based upon few facts.


What is an heroic assumption?

An assumption that is unlikely to be true.


What is a fundamental assumption?

accounting assumption is nothing


What is the suffix or prefix for assumption?

The prefix for "assumption" is "as-".


Where is the Assumption Public Library District in Assumption located?

The address of the Assumption Public Library District is: 205 North Oak Street, Assumption, 62510 1100


Do you say assumption to the throne or on the throne?

I always said "assumption to the throne" but just to confirm that, I checked with Google. There were about 46,000 pages that said "assumption to the throne" and only 3 that said "assumption on the throne".


When do you celebrate the Assumption of Mary?

The feast of the Assumption is on August 15.


What date is the Assumption celebrated on?

The feast of the Assumption is August 15.


Limitation and assumption of marginal costing?

assumption of marginal costing


Assumption in a sentence?

My assumption that she would be here on time was wrong.