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What is the scope of Going Concern as per ICDS I.

Dated:- 8-9-2017 - Manual - ICDS I : Accounting Policies Going concern refers to an assumption that the person has neither the intention nor the necessity of liquidation or curtailing, materially the scale of the business, profession or vocation and .....

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l uncertainties may cast doubt upon the ability of an assessee to continue as a going concern. An assessee is assumed to be a going concern in the absence of information to the contrary. The ICDS however does not provide specific guidance as to the m .....

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