Which of the following principle applies when Provision for Doubtful Debts is required to be maintained in the books of accounts?
Conservatism principle states that record for the anticipated losses and Expenses. It is also called prudence principle. Example-Provision for Doubtful debt - The debtors have not defaulted yet, but if you are anticipating a default in the future, record it as an expense now. Also, Valuation of Inventory is done at Cost or Net Realizable Value, whichever is less.
Rashmi and Rahul’s father ………. not well.
When I …….. the premises, she will follow me.
Select the INCORRECTLY spelt word.
Led by the nose
Piping Hot
Hardly did we begin our journey ……. it started to rain.
Have a screw loose
Two …………………………………. are visiting the organisation today.
Fill in the blanks with correct words from the options.
When I rang the bell, he came ___________ __________.
A) Maxim
B) Irreverence
C) Knell
D) Derision
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