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Going concern

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Ken Garrett.

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February 26, 2019 at 3:27 pm #506614
vavneetb
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How can be preparation of FS on the going concern basis is a good thing?
February 26, 2019 at 3:48 pm #506618
Ken Garrett
Keymaster
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If the,compqny is a,going concern, then FS drawn up on that basis are more representative of reality.
If the company os doomed, preparing the FS on a break-up basis is more representative of reality.
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