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:
“The pleasure of leaving home, care-free, with no concern but to enjoy, has also as a pendant the pleasure of coming back to the old hearthstone, the home to which, however traveled, the heart still fondly turns, ignoring the burden of its anxieties and cares.”
—Herman Melville (1819–1891)