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.
The objective of the purchase ledger control account is to established the? ...
Miscellaneous expense is 10% of revenue Calculate the net income. ...
N Direct material used-----------------64,000 Direct labour------------...
External users of accounting information include ...
Which of the following is not a purpose for preparing departmental accounts? To ...