Bilans w warunkach utraty kontynuacji działalności – zasada ostrożności czy treść ekonomiczna
Balance sheet without going concern – prudence or substance over form

Summary/Abstract: This article deals with the principles of balance sheet preparation in companies at the beginning of the bankruptcy process. This type of balance sheet means that the last period of business activity has started. In this period the goals of enterprise activity are changed – the main purpose is selling its assets. So, in the author's opinion, the prudence principle should not be used in the process of financial statements preparation. This approach is the best way of implementing the true and fair view concept and substance over form principle. The author postulates using the net realisable value even if it is higher than the book value of assets.

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