Question

What does the term "Going Concern" refer to in accounting?

A The company's ability to generate profits
B The company’s obligation to repay its debts
C The company's intention to continue operations for the foreseeable future
D The company's short-term liquidity position
E The company's compliance with accounting standards
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)