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accounting assumptions

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(Querist)
13 February 2008 If the company going to continue its operation in future,follow going concern concept.if going concern concept not followed ?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
13 February 2008 Is the company idle now?

What basis it putsforth for future continuation?

What do you want to know by asking if going concern concept is not followed,
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Megha S

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Megha S (Querist)
14 February 2008 That is,if going concern concept is not followed means that company will not continue in future,should seperatly disclose in notes.is it?
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o.velavan

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o.velavan (Expert)
14 February 2008 No.If the company continue its operation in future,it must follow the going concern concept.Otherwise disqualify the
the audit report.
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