Accountancy, asked by dulapallip7558, 1 year ago

Purchases = Rs. 25,00,000 70% of the goods are sold Closing inventory is valued at Rs. 5,00,000 instead of at Rs. 7,50,000. Which concept has been followed? (a) Conservatism (b) Cost (c) Accrual (d) Matching

Answers

Answered by NishithaReddy01

1

Answer:

it is (a)conservatism

acc. to which recognize all anticipated losses but not profits.

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