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Accounting conservatism is a principle that requires company accounts to be prepared with caution and high degrees of verification. All probable losses are recorded when they are discovered, while gains can only be registered when they are fully realized. The principle of conservatism means that a company shoul · record for the anticipated losses and expenses · but do not record the anticipated profits or gains As such, Provision for Doubtful debt is based on recording anticipated losses. The debtors have not defaulted yet, but if you are anticipating a default in the future, record it as an expense now.
Which one of the following statements is incorrect about the desert locusts?
Size of ordinary rain drop varies from:
The most commonly used method of depreciation is
Which of the following type of mouth parts present in house fly?
Petroleum is a mixture of-
Pyricularin produced by Pyricularia oryzae causes:
Grouping of two or more than two consumers for a product or service so that their needs are better served, can be defined as-
Soils having white encrustation of soluble salts at the surface, known as __ ?
Indian Institute of Sugarcane Research (IISR) is situated in
Deficiency of which vitamin is prominent in those persons who continuously eat ‘polished rice’?