what is a prudence concept
pavi1:
sorry will you explain it briefly
Answers
Answered by
1
the prudence concept is usually defined by a proverb
- Do not enticipate profits but provide for all loses
- Do not enticipate profits but provide for all loses
sorry will you explain it briefly
this concept ensures that the financial statements should present a realistic picture of the state of affairs of the enterprise and should not point a better picture then what it actually is
plse give a thnks
thanks
Similar questions