Question

virtues of prudence and frugality towards environment

Answer 1

A Wise and good decision making is called prudent. In prudent concept, a person does not overestimate the amount of revenues recognized or underestimate the amount of expenses. Here the traditional method of keeping track of the amount of assets is required but not underestimate liabilities. The end result should be conventionally-stated financial statements

A frugal person always finds a way to minimize the monetary cost of their action while trying to keep it lower than their useful needs. For example: The person decides to buy rice and eggs, he buys it in bulk to minimize the cost at the same time he gains nutrition. The level of consumption of a frugal person is lower than that of a typical consumer. Thus the person is less subjected to hidden environmental cost.

Answer 2

Answer:A Wise and good

decision making is called prudent. In prudent concept, a person does not overestimate the amount of

revenues recognized or underestimate the amount of

expenses. Here the traditional method of keeping track of the amount of assets

is required but not underestimate liabilities. The

end result should be conventionally-stated financial statements

A frugal person always finds a way to minimize the monetary

cost of their action while trying to keep it lower than their useful needs. For

example: The person decides to buy rice and eggs, he buys it in bulk to

minimize the cost at the same time he gains nutrition. The level of consumption

of a frugal person is lower than that of a typical consumer. Thus

the person is less subjected to hidden environmental cost.

Explanation: