The prudence concept demands that
...The prudence concept demands that
Care is exercised in recognition of profit
Loss should be anticipated
Profit should be reported
Income should be recognized and disclosed
Correct answer is A
No explanation has been provided for this answer.
\(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinkin...
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