Explain Prudence concept.​

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Answer 1

Under the prudence concept, do not overestimate the amount of revenues recognized or underestimate the amount of expenses. Also, one should be conservative in recording the amount of assets, and not underestimate liabilities. The result should be conservatively-stated financial statements.

Answer 2

Answer:

Prudence concept in accounting (also known as conservatism) is a fundamental accounting concept which is based on the conservative approach of estimating the liabilities, expenses losses (i.e. cash outflow side) in a proactive manner and of estimating the assets, revenues and profits (i.e. cash inflow side) in a retroactive manner so that the liabilities are not understated and assets are not overstated.

Related Questions

"Ako si Jia Li, Isang ABC"

Ano-ano ang mga katangian ni Jia Li bilang isang ABC? Totoo nga kaya ang paniniwala nila ng kaibigan niyang si Lian na “They have the best of both worlds”? Ipaliwanag.

Answers

Answer:

the number of the other hand the one who has the number of the following URL Adobe flash player is this written by

¿Qué dificultades experimentaron los jóvenes? Tuvieron problemas armando la carrocería. Answer A: Tuvieron problemas armando la carrocería. A No encontraron piezas para ensamblar el vehículo. Answer B: No encontraron piezas para ensamblar el vehículo. B Se dieron cuenta que el motor no funcionaba. Answer C: Se dieron cuenta que el motor no funcionaba. C No disponían de las herramientas necesarias.

Answers

This is the answer in relation to the Spanish passage about the young men:

Answer A: Tuvieron problemas armando la carrocería.

In the passage, you can read that the material they used to build the car was difficult to manipulate: "Hallaron algunos inconvenientes, pues no podían doblar el metal para lograr el diseño que querían", so the correct answer is A.

I was able to find the passage to answer the question online.

The passage is about young men who wanted to build a car and although it was difficult they were able to finish it.

Check more information about passages in Spanish here https://brainly.com/question/25010973?referrer=searchResults

Crucigrama de alemán ayuda

Answers

I’d say write down all the items down as a list and the smallest words try with the small letter boxes

Napisz opowiadanie twórcze na temat : Jak potoczyły się losy Janka, gdyby dostał wymarzone skrzypki minimum 2,5 strony

Chodzi o lekturę klasy 5 Janko Muzykant
Będę wdzięczny za odpowiedź :D

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mysle ze nikt ci na to nie odpowie lol

what is the behaviour provision for doubtful debts in P & L account​

Answers

Answer :

If provision for doubtful debts given in Trial Balance then it's known as old provision and ,

if provision for doubtful debts given in adjustment then it's new provision

In P & L account

New provision is added to Bad Debts

and old provision less from Bad Debts

38. प्राचार्य ने उसे अनुशासन भंग करने पर दण्डित किया।
रचना के आधार पर वाक्य भेद है-
(क) सरल वाक्य (ख) मिश्र वाक्य
(ग) संयुक्त वाक्य (घ) इनमें से कोई नहीं
Answer this please ONLY IF YOU KNOWWW

Answers

I think that it is simple

what are the factors of Production? ​

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Answer:

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.

Eseu argumentativ despre importanta modelelor in viata unui adolescent?

Answers

Hola puedes ayudar? No se Español. ¡Necesito enviar un correo electrónico a un amigo sobre "Mi viaje a España"! :0

한국어는 귀여운 언어입니다...내 프로필 사진 평가

Answers

Answer:당신의 권리와 10

Explanation:

Answer:

annyeonghaseyo dangsin-eul dobgo sipseubnida joesonghabnida seoljeong-eul hangug-eolo byeongyeonghaneun geos-eul ij-eossseubnida.

Explanation:

Select the sources that would be most appropriate for researching a biblical topic.
dictionary
Bible
atlas
religious magazine
almanac
topical Bible
concordance

Answers

Here is the answer.

Shana is a member of the Deaf community and her teachers are quite proud of a well-developed trait that she possesses. Common among many Deaf individuals, this trait involves having the ability to make meaning out of visual information. What trait are Shana's teachers referring to?

Answers

Answer:

Lip reading!!

Explanation:

I have a deaf family member so I knew the answer right away

what is it for the story the war of wall ......

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Answer:

the experiences of two kids as a street artist paints on their beloved wall in their neighborhood.

How to give an Italian name? I need an example of Italian naming for male and female.

Answers

Answer:

For males: Marco, Alessandro, Giuseppe, Flavio, Luca, Giovanni, Roberto, Andrea, Stefano, Angelo, Francesco, Mario, Luigi.

For females: Anna, Maria, Sara, Laura, Aurora, Valentina, Giulia, Rosa, Gianna, Giuseppina, Angela, Giovanna, Sofia, Stella.

What is the relationship between communism and the Vietnam War?

Answers

Answer:

The Vietnam war was about whether the country should be communist or not.

Explanation:

Viet Cong was communist and Us didn’t want that.

What language is this? What does it mean?​

Answers

Answer:

that language is

Vietnamese

Explanation:

because is heard that language in my teach

iHope it's help

how is zlateh like a member of the family at the end of the story? (Zlateh the goat) plisss

Answers

i’m just responding for points sorry mate

Write you question here(Keep it simple and it must be 20 characters or more)

Answers

Answer:

if you multiply this number by 12, add 10, then divide by 5, you will get 242. What is the number?

Explanation:

odi vilaiyadu pappa lyrics in hindi ​

Answers

Answer:

ओडी विलायदु पप्पा

Explanation:

I don't even know if that's the answer tbh

what is the climax of the story “Seventh Grade” occurs when
please help mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmme
asap

Answers

Explanation:

Climax. Victor's agony comes to a head when he and Teresa are the last ones left with their teacher, Mr. Bueller. Teresa says she was impressed by Victor's French, and it is clear she did not realize he had made it up.

Why do you need to exhibit good behavior? ​

Answers

Answer:

Good behavior sets students apart. Everyone else will use you as a point of reference. Parents would wish for their children to behave like you.

Explanation:

Answer:

you need to exhibit good behaviour to a better person. if you behave well everyone will respect you

what factors could have caused king tut to fall from his chariot

Answers

The wheels weren’t correctly placed
The chariot went above a rock so it flipped
Maybe there are other answers but I think these are the best
(I’m Egyptian btw)

Does anyone have Math.way premium

Answers

Answer:

sadly not

Explanation:

in the roots vascular bundles are​

Answers

In monocot roots, the vascular bundles are arranged in a circular pattern   hope it helps.

what is called the point of Citrus paribus ​

Answers

There are different kind of Latin word. The point of ceteris paribus as a Latin phrase simply means "other things equal or held constant is that  helps one to be able to distinguish from  others (isolate), the influence of one variable on another.

This Ceteris paribus point help one to distinguish causation.

Ceteris paribus

This is a Latin phrase whose common English translation is that "all other things being equal."

This term is said to be often used in the aspect of economics and finance. It acts as an indication of the effect of one economic variable on another, even while other variables are said to be constant.

learn more about Citrus paribus ​from

https://brainly.com/question/24927189

Answer:

The assumption of ceteris paribus, a Latin phrase meaning "other things equal or held constant," helps isolate the effect of one variable on another. Mutatis mutandis, on the other hand, considering how all factors interact with one another as a variable of interest affects an outcome of interest.

If a firm produce 20 units of commodity at price of ₹10, and when price increase by 5 and units by 5 , calculate the elasticity of supply Es



Pls Help Me ASAP -;-"​

Answers

Answer:

[tex] \: [/tex]

Let, P = ₹ 10, P1 = ₹ 15

Q = 20 ,. Q1 = 25

∆Q = 5 ,. ∆P = 5

from Proportionate method :

Es → ∆Q/∆P × P/Q

→ 5/5 × 10/20

→ 1 × 1/2

→ 1/2 = 0.5

So, The the Es = 0.5 (Inelastic)

Будь ласка, даю 20
III. Write sentences using the cues and making necessary changes and additions.
1) He / prefer / dinner / home.
2) When / she / come / Washington / she / send / telegram.
3) picture postcards/ expensive / plain ones.
4) Where / buy / tinned fruit?
5) What / you / have/ supper / yesterday?
6) two years ago / can (not)/ speak English / nor / French.

Answers

The Sentences in English using the given cues are:

He prefers to have the dinner at home.When she comes to Washington, she sends me a telegram.The picture postcards are more expensive than plain ones.Where do you buy tinned fruit?What did you have for supper yesterday? Two years ago, I couldn't speak English nor French.

Sentences in English.

To elaborate sentences correctly in English it must be remembered that in the affirmative form, when the third person of the present tense is used, the verb is conjugated by adding "s" regularly.

On the other hand, if the sentence is in the past, the past form of the verb used should be used, as well as the auxiliary do, does in the present and did in the past for negative and interrogative sentences.

If you want to learn more about Sentences in English, you can visit the following link: https://brainly.com/question/639459?referrer=searchResults

JAPANESE: In hiragana, how would I say “My mom and dad are (nationality), but my sister and I are (nationality)”

Answers

Answer:

わたし の はは と ちち は マレーシア- じん です が、 わたし の いもうと と わたくし は アメリカ-じん です

Explanation:

Sorry if there's any error <3

What does most Chinese food consist of? meat, vegetables, rice, meat, dairy, noodles fish, vegetables fats, meat, dumplings

Answers

Answer:

rice, soy sauce, noodles, chili oil , tea, tofu,

Explanation:

sorry if this dosent help and sorry for being late...

Which of the following is a good expressive fingerspelling technique?

Mouthing individual letters
Mouthing whole words
Fingerspell quickly, even if the word is unclear
Bounce each letter for emphasis

Answers

Answer:

bounce each letter for emphasis

Explanation:

would help the spelling be more clear

Answer:

I think the answer is B

hope this helps

Explanation:

is the following section will discuss why some teenagers wear makeup to school a claim or not a claim

Answers

What do you mean by that
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