Accountıng I Deneme Sınavı Sorusu #1209650
According to Conservatism which of the following idea is not correct?
Anticipate no gains, but provide for all probable losses. |
If in doubt, record an asset the lowest reasonable amount and reliability at the highest reasonable amount. |
When there is a question, record an expense rather than an asset |
When you are faced with a decision between two possible options, you must choose the option that undervalues, rather than overvalues, your business |
When there is a question,ıt should be not recorded. |
Yanıt Açıklaması:
E is wrong because,when there is a question, record an expense rather than an asset
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