A company is expected to earn a profit of Rs 1 crore from a contract next year, the Accountant of the company is reluctant to account for this expected profit in the current year He is guided by the Accounting concept of A Materiality B Consistency C Conservatism D Matching A company is expected t...

Correct option is C Conservatism i This accounting concept promotes prudence in acc ...

A company is expected to earn a profit of Rs.1 crore from a contract next year,...

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Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt , Eugene F. Brigham

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A company is expected to earn a profit of Rs.1 crore from a contract next year,...

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Correct option is C Conservatism i This accounting concept promotes prudence in acc... View the full answer

Corporate Finance A Focused Approach

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