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Whether AS-1 apply in Companies Liquidation??

This query is : Resolved 
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(Querist)
10 August 2010 Should there be any specific disclosure under AS-1 in respect of companies under liquidation???
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CA SMR

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CA SMR (Expert)
10 August 2010 The very fact that the fundamental accounting assumption of Going Concern is not there in case of the company in liquidation should be disclosed.
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Anil Kumar Meena

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Anil Kumar Meena (Expert)
10 August 2010 i agree...
As the company discontnue there business for future...
The company should put the note in the note to accounts regarding the going concern,
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