Conservatism concept does not require
A. Making provision for doubtful debts
B. Valuing stock at lower of cost or net realisable value
C. Creating provision for discount on creditors
D. Making provision for an unfavourable legal suit
Answer:C
Conservatism concept does not require
A. Making provision for doubtful debts B. Valuing stock at lower of cost or net realisable value C. Creating provision for discount on creditors D. Making provision for an unfavourable legal suit