Challenger App

No.1 PSC Learning App

1M+ Downloads
The policy of "anticipating no profits and provide for all possible losses" arises due to convention of ----.

Aconservatism

Bprudence

Cmatching

Dfull disclosure

Answer:

A. conservatism

Read Explanation:

.


Related Questions:

Identify the debit and credit aspect of the following business transactions. "Goods taken by the owner for his personal use."
Which statement best distinguishes a provision from a reserve under financial accounting?
Which is considered the oldest branch of accounting?
The statement of financial position and the balance sheet are synonyms.
The Single Entry System of bookkeeping: