Going Concern

Business, Legal & Accounting Glossary

Definition: Going Concern


Going Concern


Full Definition of Going Concern


The idea that a company will continue to operate indefinitely, and will not go out of business and liquidate its assets. For this to happen, the company must be able to generate and/or raise enough resources to stay operational.


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/
Modern Language Association (MLA):
Going Concern. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/going-concern/.
Chicago Manual of Style (CMS):
Going Concern. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/going-concern/ (accessed: March 29, 2024).
American Psychological Association (APA):
Going Concern. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/going-concern/

Definition Sources


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

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

This glossary post was last updated: 20th November, 2021 | 0 Views.