0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why concept of conservatism is called prudence?
Conservatism is often seen as prudence. People who are conservative do not waste things or use resources unwisely. This may make them seem as if they are prudish.
Concept of charging stations for Electric vehicles in India?
HERO Electric more info - http://heroelectric.in/station.html
What is the greatest common factor for 5 and 24?
The concept of GCF applies to integers only.
What is a film concept?
Concept: the underlying plot point that a film revolves around, eg. Trons concept is that it was set in a video game.
Hindu-Arabic numerals developed in India invented which mathematical concept?
The concept of zero
Advantages of prudence concept in financial accounting?
list 5 advantages of prudence concept
What concept is used in allowance for doubtful debts?
Prudence concept
Explain the importance of the Prudence concept?
nbkjb
What is an example of the prudence concept?
An example of the prudence concept in finance is when a company chooses to underestimate its future revenues or assets, but overestimate its expenses or liabilities. This conservative approach helps to avoid overstating financial results, which can lead to more realistic financial reporting.
Prudence Concept in accounting?
preparation of account involve estimations, measurements and and valuations according to the conservatism or prudence concept it is a good practice to follow a procedure that tends to understate things.
Is 5.8 an even number?
The concept of "even" and "odd" applies to integers, not to fractions in general.The concept of "even" and "odd" applies to integers, not to fractions in general.The concept of "even" and "odd" applies to integers, not to fractions in general.The concept of "even" and "odd" applies to integers, not to fractions in general.
Why concept of conservatism is called prudence?
Conservatism is often seen as prudence. People who are conservative do not waste things or use resources unwisely. This may make them seem as if they are prudish.
What concept applies to asexual reproducing species?
Ecological species concept.
Which concept applies to asexually reproducing species?
some bacteria...
Does accounting concepts conflict?
Accruals and prudenceThe accruals concept requires future income (e.g. in relation to credit sales) to be accrued. The prudence concept dictates that caution should be exercised, so that if there is doubt about the subsequent receipt, no accrual should be made.Consistency and prudenceIf circumstances change, prudence may conflict with the consistency concept, which requires the same treatment year after year.In both situations, prudence must prevail.
Weber's law applies most directly to what concept?
difference threshold
How deprecaition interacts with prudence and matching concepts?
Prudence concept tends to understate the profit . depreciation is a tool through which we record our losses , which means that our profit is declining .This means that depreciation is a supportive tool for reducing profit. Matching concept tends to record the expense to the revenue generated from the assets . Hence depreciation fulfils the requirements of both the concepts .
