English, asked by ankitakumari5119, 5 months ago

aacoding to convention of conservatism​

Answers

Answered by subratkumarlenka178
1

Answer:

Accounting conservatism is a set of book keeping guidelines that call for a high degree of verification before a company can make a legal claim to any profit. The general concept is to factor in the worst-case scenario of a firm's financial future.

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