A

Admin • 831.35K Points
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Q. The principle of 'prudence' is also known as:

  • (A) Materiality
  • (B) Conservatism
  • (C) Consistency
  • (D) Matching
  • Correct Answer - Option(B)
  • Views: 18
  • Filed under category Accounting
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Explanation by: Admin
Prudence or conservatism advises not to overstate income or assets.

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