What is the explanation of the going concern assumption of accounting assumptions

Continuing operations assumption: it is generally assumed that a business will continue in business indefinitely if no obvious counterfactual exists. Defined as the general assumption that a business will continue in business indefinitely if no obvious evidence to the contrary exists. Going concern assumption, is the audited entity in the preparation of financial statements, it is assumed that its business activities will continue in the foreseeable future, not to be and do not have to terminate the operation or bankruptcy and liquidation, can be in the normal course of business to realize the assets, liquidate liabilities, the foreseeable future usually refers to the balance sheet date after,twelve months