Business Studies, asked by pandeyjipradeep789, 1 year ago

conservatism means to follow safe side




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Answered by SandeshKhapekar
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In accounting, the convention of conservatism, also known as the doctrine of prudence, is a policy of anticipating possible future losses but not future gains. ... In accounting, it states that when choosing between two solutions, the one that will be least likely to overstate assets and income should be selected.

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