Question discussion

The creation of a provision for doubtful debts is in accordance with the accounting principle of

2364Medium DSSSB TGT Computer Science 0 replies 1 views

Agoing concern
Bconservatism (prudence)
Cdual aspect
Dmoney measurement

Correct answer: B

Explanation

Under conservatism, anticipated losses are provided for even though they have not yet occurred, so a provision is made for the debts that may turn bad.

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