AS-1
This query is : Resolved
04 September 2010
IF A LTD has branch off in india, with skeleton operation having limited assets/liabilities, and after some years decide 2 close down branch off in india.whether going concern qualified in this case ? wat 2 disclose in notes ?
04 September 2010
If the said branch is closed down, in the accounts of HEAD OFFICE, going concern concept will not be adversely affected on account of the skeleton operations in INDIA.
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