Anticipate no profits and provide for all possible losses. This is essence of which of the following accounting principles: Options: A . &nbspMateriality Principle B . &nbspTimeliness Principle C . &nbspConsistency Principle D . &nbspConservatism Principle

Anticipate no profits and provide for all possible losses. This is essence of wh

Question

Anticipate no profits and provide for all possible losses. This is essence of which of the following accounting principles:

Options:

A . Materiality Principle

B . Timeliness Principle

C . Consistency Principle

D . Conservatism Principle

Answer: Option D
:
D
Anticipate no profits and provide for all possible losses. This is essence of Conservatism Principle.

Was this answer helpful ?

Next Question

Question 1. Year that begins from 1st of January and ends on 31st of December, is known as _____ The year that begins from 1st of Ap....of March of the following year, is known as _____

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0