The annual final accounts of businesses are normally prepared on the assumption that the business is a

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The annual final accounts of businesses are normally prepared on the assumption that the business is a going concern.

Explain and give a simple illustration of:

(a) the effect of this convention on the figures which appear in those final accounts

(b) the implications for the final accounts figures if this convention were deemed to be inoperative.

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Accounting Costing And Management

ISBN: 9780198328230

2nd Edition

Authors: Riad Izhar, Janet Hontoir

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