Tick mark the correct answer. The accounting measurement that is not consistent with the going concern concept is?
A
Realisation
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B
Historical cost
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C
Liquidation value
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D
Continuity
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Solution
The correct option is B Liquidation value Option C is correct.
Liquidation value is the concept of winding up of a business- no continuation of the activities henceforth- the going concern concept becomes irrelevant.