The Accounting Standards State That Management Is Responsible to Evaluate

question 48

True/False

The accounting standards state that management is responsible to evaluate the entity's ability to continue as a going concern within one year after the date the financial statements are issued.

---

Definitions:

Vedas

Ancient sacred texts of Hinduism, consisting of hymns, philosophy, and guidance on ritual.

Aryans

An Indo-European ethnolinguistic group, traditionally associated with the spread of Indo-European languages and cultures in ancient times.

Hymns

Religious songs or poems of praise to a deity or divine being, often sung in worship services.

Angkor Wat

A temple complex in Cambodia and one of the largest religious monuments in the world, originally built as a Hindu temple dedicated to the god Vishnu.