Question

Mr aster has shown closing stock at higher value by value in it at market price, so that higher profits are shown, which in turn will help getting better loan facility from the bank. Which accounting concept is violated here by Mr aster.

if you don't know the answer then no need to write any wrong answer... useless will be reported​

Answer 1

Answer:

the prudence concept is violated here because according to this concept do not anticipate but provide for all possible losses but he does not foolow this concept .