Which of the following is ‘true’ regarding the Prudence Principle of Accounting?
A. Taking care of the future losses
B. Taking care of the future profits
C. Taking care of bad debts
D. Taking care of inventory and depreciation
Answer:A
Which of the following is ‘true’ regarding the Prudence Principle of Accounting?
A. Taking care of the future losses B. Taking care of the future profits C. Taking care of bad debts D. Taking care of inventory and depreciation