The prudence concept demands that
...The prudence concept demands that
Care is exercised in recognition of profit
Loss should be anticipated
Profit should be reported
Income should be recognized and disclosed
Correct answer is A
No explanation has been provided for this answer.
In a departmental account, the expenses to be apportioned on the basis of turnover is ...
Payment to creditors ₦12,250 Creditors at start ₦550 Creditors at end ₦830 What is the cr...
A statement that measures the performance of a business over a period of time is the ...
A set of instruments fed into a computer for accomplishing a given task is a/an ...
In bank reconciliation, when a cash book shows a credit balance, uncredited cheques are i. De...