what is prudence
Answers were Sorted based on User's Feedback
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 |
Answer / hum3057@yahoo.com
As Executive you take decision with responsibility,
intelligibility and care.
Is This Answer Correct ? | 2 Yes | 2 No |
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
Differentiate public and private accounting?
How to prepare finalization accounts?
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
how can i put entries for stock replacement in zero values
1 Answers IT Consulting Services,
what is the difference between expenses(indirect) and indirect expenses?
what is direct expensive?
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
What is the acceptable accounting procedure when an error is detected in a general ledger account? Explain why such a procedure is followed?
What is the criteria to calculate GDP growth?
What is s bank reconciliation statement? Give an ex where the Bank book and d cash book will not reconcile?
how to pass entries for suspense account?
5 Answers Reliance Construction,