Answer / kiran

it is one of the accounting concept.going concern concept refers to that the company should maintain systematic record of all monetory transactions of business and make sure that it will continue its activities for a long time.
hence it refers to going concern concept.

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give narration of cash----a/c---Dr To cash

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Discount or expenses on issue of shares or debentures is an example of..

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outstanding expenses, prepaid or unexpired expenses

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