Definition: the Principle of Going Concern is the fundamental accounting principle that assumes that a business (entity) is financially sound enough so that it will remain operational in the foreseeable future. In other words, it is the assumption that an entity will remain in business for the foreseeable future.
MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.
We love to keep things really short, but provide links to learn more about your subject and to similar concepts.
© 2022 MBA Brief - Last updated: 24-5-2022 - Privacy | Terms