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 The ‘going concern concept’ is the underlying basis for 
  • a)
    Stating fixed assets at their realizable values. 
  • b)
    Disclosing the market value of securities. 
  • c)
    Disclosing the sales and other operating information in the income statement
  • d)
    None of the above.
Correct answer is option 'A'. Can you explain this answer?
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The ‘going concern concept’ is the underlying basis fora)S...
Going concern concept is that company is work with constant basis. and fixed asset also remain constant with company's work with net resizable value so we can say that company work with going concern as a fixed asset.
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The ‘going concern concept’ is the underlying basis fora)Stating fixed assets at their realizable values.b)Disclosing the market value of securities.c)Disclosing the sales and other operating information in the income statementd)None of the above.Correct answer is option 'A'. Can you explain this answer?
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The ‘going concern concept’ is the underlying basis fora)Stating fixed assets at their realizable values.b)Disclosing the market value of securities.c)Disclosing the sales and other operating information in the income statementd)None of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The ‘going concern concept’ is the underlying basis fora)Stating fixed assets at their realizable values.b)Disclosing the market value of securities.c)Disclosing the sales and other operating information in the income statementd)None of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The ‘going concern concept’ is the underlying basis fora)Stating fixed assets at their realizable values.b)Disclosing the market value of securities.c)Disclosing the sales and other operating information in the income statementd)None of the above.Correct answer is option 'A'. Can you explain this answer?.
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