A going concern is a business that functions without the threat of liquidation for the foreseeable future, usually regarded as at least within 12 months.
Read more about Going Concern: Definition of The 'going Concern' Concept, Use in Accounting, Going Concern Use in Auditing, Use in Risk Management
Famous quotes containing the word concern:
“But why should not the New Englander try new adventures, and not lay so much stress on his grain, his potato and grass crop, and his orchards,—raise other crops than these? Why concern ourselves so much about our beans for seed, and not be concerned at all about a new generation of men?”
—Henry David Thoreau (1817–1862)