In Germany, prudence is an accounting principle established in commercial law. What does “prudence” mean in an accounting context?
A. Reliability
B. Comparability
C. Conservatism
D. Relevance
Answer:C
In Germany, prudence is an accounting principle established in commercial law. What does “prudence” mean in an accounting context?
A. Reliability B. Comparability C. Conservatism D. Relevance