Convention of conservatism takes into account:
Answers
Answered by
2
Explanation:
the convention of conservatism, also known as the doctrine of prudence, is a policy of anticipating possible future losses but not future gains. This policy tends to understate rather than overstate net assets and net income, and therefore lead companies to "play safe".
Answered by
2
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. This policy tends to understate rather than overstate net assets and net income, and therefore lead companies to "play safe".
hey mate plz mark me as brainliest if it helps you.
Similar questions
English,
3 months ago
Hindi,
3 months ago
Hindi,
3 months ago
Social Sciences,
8 months ago
Biology,
11 months ago
English,
11 months ago
Political Science,
11 months ago