The statement "Anticipate no profit and provide for all possible losses" reflects the accounting convention of conservatism. This convention suggests that when faced with uncertainty, accountants should be cautious and conservative in recognizing profits, but quick to recognize potential losses. This helps in presenting a more prudent and reliable picture of a company's financial position and performance.
Which ministry has launched the Pradhan Mantri-Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) Scheme, aimed at uplifting Particularly Vulnerable Tribal ...
Which Indian institute has developed BharOS, an indigenous mobile operating system for mobile phone users in India, aimed at contributing significantly ...
Sattriya dance form is famous in which of these states?
Which state is the Longwood Shola Reserve Forest located in?
Who has received the prestigious DadaSaheb Phalke Award for the year 2018?
Which of the following is the unit of heat?
In which Indian state is the Pench Tiger Reserve (PTR) located, recently designated as India's first Dark Sky park?
In economics, what does 'Budget Surplus' mean?
Who discovered vaccination against anthrax?