Web1 day ago · Quizlet, for example, released Q-Chat in early March, which functions as a ChatGPT-like chatbot tailored to a Socratic teaching method they claim promotes active learning. Similarly, Khan Academy released the Khanmigo project which is able to help students as a virtual tutor or debating partner and helps teachers with administrative … WebAn entity prepares financial statements on a going concern basis when, under the going concern assumption, the entity is viewed as continuing in business for the foreseeable …
Accounting Standard 1 simplified - CAclubindia
WebOct 18, 2024 · In sec. 252 para. 1 of the German HGB, the principle of going concern is second only to the principle of balance sheet continuity: “The measurement is to be based … WebThis concept relates with the long life of the business. A business is intended to continue for an indefinitely long period. For all practical purposes, a business firm comes under going … if my ac in my car is blowing hot air
Going Concern Concept Examples, Advantages, Disadvantages
WebJul 7, 2024 · Going Concern Concept: Meaning. Going Concern Concept (or Going Concern principle) states or assumes that a business will continue to operate indefinitely. Or till the … WebSep 9, 2013 · Introduction: The standard deals with what, where, which and how accounting policies should be disclosed. The accounting policies are set of principles, methods and procedures applied by management in preparation of financial statements. One can think of it as basic assumptions taken into consideration which should not be outside the purview … WebSep 15, 2024 · Replied 12 September 2024. There must be factors coupled with affirmation from management with regards to a threat to going concern. Auditor should completely … is starving bad during pregnancy