##  [Going Concern Principle](/going-concern-principle) 

  ##  [Going Concern Principle](https://social.quantumdictionary.io/going-concern-principle-0) 

  

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**Social Sciences Dictionary**

 







 

 

 

 



 

 

 

 

Definition

An accounting assumption that the reporting entity will continue its operations for the foreseeable future and will not liquidate or cease materially, which justifies recognizing assets and liabilities on a going‑concern basis rather than at liquidation values and requires disclosure of material uncertainties about that assumption.