banner_ad

Going concern principle

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 August 2013 License to run a business of a partnership firm has been cancelled and this case is under appeal.Can i show that the financial statements are prepared following going concern concept in the audit report?
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
05 August 2013 .
Until someone can breathe- he can not be declared as dead.
.

Accidental -Case:
-----------------
If the concern may go with new or existing alternatives then it should be treated as
a going concern.
.
So, until the appeal is decided you may go with the same concept.
.
Looking to the seriousness of the injury, relatives should have been informed about the status of the patient. You may convey the message to the stakeholders by way of a note.
.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 August 2013 Thank u sir..!!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details