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Maitri (0)

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State the case where the going concern concept is applied:

a) When an enterprise was set up for a particular purpose, which has been achieved, or to be achieved shortly.

b) When a reciever or liquidator has been appointed in case of as a company which is to be liquidated.

c) Fixed assets are acquired for use in the business for earning revenues and are not meant for resale.

d) When an enterprise is declared sick.

    
 
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