Q194
Which accounting concept dictates the inclusion of 'provision for doubtful debts' in the financial statements?
A.
Accrual concept
B.
Matching concept
C.
Going concern concept
D.
Prudence concept
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Prudence concept dictates the inclusion of 'provision for doubtful debts' in the financial statements.