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Question Practice

In financial statements, what does the term 'going concern' imply?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Financial Statements of a Company
Question Bank

In financial statements, what ...

Single Answer MCQ
Q-00082648

In financial statements, what does the term 'going concern' imply?

1

Assets are sold at current market value.

2

The company plans to discontinue operations.

3

The business is expected to continue its operations in the foreseeable future.

4

All liabilities will be settled immediately.

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Q4.

What is the going concern postulate?

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