It is assumed that the accounts will be drawn up on the basis that the business will be in existence for the foreseeable future; this implies that the assets of the company will be valued according to their anticipated use by the business, not at a sell of or scrap value which might be realised if the business were to be sold.
GOING CONCERN CONCEPT
Meaning of GOING CONCERN CONCEPT in English
Raynet Business and Marketing English glossary. Английский глоссарий компании Raynet Business and Marketing . 2012