Accountancy, asked by jaspalmc1, 8 months ago

The
Concept of Conservatism will the
Effect of

Answers

Answered by abhilashbhoi16

Explanation:

The convention of conservatism will have the effect of understatement of assets. According to conservatism principle all the anticipated losses and expenses should be taken into account in advance, but all the anticipated incomes should not be recorded in advance.

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