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Going concern

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(Querist)
07 November 2011 There is a private Ltd company and the company is in loss for 3 years or has profit say nominal i.e. Rs 100 in current Year

Now I want to know how to report on this point as going concern assumption of the company.
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Jitender

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Jitender (Expert)
07 November 2011 Going concern assumption is dependent upon management's perspective as well. U can conclude it after knowing thier intent about the future plans & viability of the busines.

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