Define: Going Concern Basis

UK Accounting Glossary

Definition: Going Concern Basis


Quick Summary of Going Concern Basis


The assumption that the business will continue operating into the foreseeable future.



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Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/going-concern-basis/
Modern Language Association (MLA):
Going Concern Basis. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/going-concern-basis/.
Chicago Manual of Style (CMS):
Going Concern Basis. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/going-concern-basis/ (accessed: February 28, 2020).
American Psychological Association (APA):
Going Concern Basis. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/going-concern-basis/

Definition Sources


Definitions for Going Concern Basis are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.