The following statement describes an accounting concept. In conditions of uncertainty more confirmatory evidence is required about
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The following statement describes an accounting concept. In conditions of uncertainty more confirmatory evidence is required about the existence of an asset or a gain than about the existence of a liability or a loss. The accounting concept which governs the above is the
A Accruals concept
B Dual aspect concept
C Going concern concept
D Separate entity concept
E Materiality concept
F Prudence concept'
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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