Question

The Following Factor should be considered while selecting and applying ______

Accounting policies.

a) Consistency b) Prudence c) Dual Aspect d) Cost​

Answer 1

Answer:

it must be option b ) Prudence

Answer 2

Answer:

Preduce:

Step-by-step explanation:

In view of the uncertainty of future events, profits are not anticipated but recognised only when earned, though not necessarily in cash. However, provision is made for all known liabilities and losses even though the amount cannot be determined with certainty and represents only an estimate.