what is prudence

Answers were Sorted based on User's Feedback



what is prudence..

Answer / manoj

Prudence is the concept which states that expenses and liabilities should be recognized as soon as they are incurred. but income should be recognized only when it is established that the possibility of earning such income is high and not remote

Is This Answer Correct ?    1 Yes 0 No

what is prudence..

Answer / hum3057@yahoo.com

As Executive you take decision with responsibility,
intelligibility and care.

Is This Answer Correct ?    2 Yes 2 No

Post New Answer

More Accounting General Interview Questions

Dear sir, please tell me how to calculate p.f ( provident fund)?

4 Answers  


In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.

0 Answers   Genpact,


HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.

0 Answers   Franklin Templeton, TTC,


What is Accruals ? How it is treated in finacials

1 Answers   MRF,


what is mean by portfolio Management?

5 Answers   TCS,






What is meant by turnover?

0 Answers  


what is cost center option in tally what purpose it is used?

1 Answers  


What is use of statistics in accounting?

0 Answers  


what are the voucher entries for depreciation in tally and when?

0 Answers   Apple,


entry for cash received from debtors

0 Answers  


While calculating TDS are we to take the value+Tax and then arrive at or take only the value

2 Answers  


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

0 Answers   IBM,


Categories