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Commerce · Q902

Accounting

Graduate and Post Graduate · Commerce · question 902

Q902

Which of the following is 'true' regarding the Prudence Principle of Accounting?

A.
Taking care of the future losses
Answer
B.
Taking care of the future profits
C.
Taking care of bad debts
D.
Taking care of inventory and depreciation

Answer: Option A

Solution

Answer: Option A
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