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going concern concepts
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Answer / guest
it means carring the current business to the next year with
all its assets and liabilities
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Answer / datthatreya
The business would continue its operations indefinitely for a long period of time and would not be liquidated in the foreseeable future
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Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three
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Expand---------TSRM
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