GOING-CONCERN PRINCIPLE
\ɡˌə͡ʊɪŋkənsˈɜːn pɹˈɪnsɪpə͡l], \ɡˌəʊɪŋkənsˈɜːn pɹˈɪnsɪpəl], \ɡ_ˌəʊ_ɪ_ŋ_k_ə_n_s_ˈɜː_n p_ɹ_ˈɪ_n_s_ɪ_p_əl]\
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That in the foreseeable future, a company will continue to operate as it is doing so now, is a significance principle in accounting. When the worth of a running business is compared with the worth of one being liquidated, the difference is apparent.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.