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The convention of prudence, also known as the principle of conservatism, is an accounting principle that requires businesses to err on the side of caution when recording financial information. This means that businesses should not overstate assets or profits, and should instead take a conservative approach by understating assets and profits. When applied to the balance sheet, the convention of prudence results in the understatement of assets and the overstatement of liabilities. This is because businesses are required to record assets at their historical cost, even if the fair value of the assets has increased. Additionally, businesses are required to record liabilities at their present value, even if the future cash flows associated with the liabilities are uncertain
Total number of Umbrella sold in cities C and D together is approximately what percent of the total number of Raincoat sold in cities A and F together?
35, 54, 92, 149, ?, 320
If the number of laptops sold by shop F is 50% of the total number of laptops sold by shop B and the number of laptops sold by shop G is 3/4th of the t...
If 30% of the TV sold by shopkeeper S and 25% of the refrigerator sold by shopkeeper S are defective, then find the total number of non-defective items ...
On Monday, if difference between the time taken by the boat to go upstream and the time taken by the boat to go downstream is 15 hours, find the total t...
What is the angle made at the centre by the sector showing the number of laptops sold by shop A?
What is the average number of matte lipsticks sold by Colorbar, Mac and Maybelline together in the month of April 2022?
P and Q start from point A to point B, at the same time at speeds of 32 km/h and 40 km/h, respectively. If in covering the journey P takes 30 minutes l...
Find the ratio between the Private vehicles travelled in 2012 and the Public vehicles travelled in 2013.
If number of Apsara pencils sold on Monday and Thursday is 170 and 80 respectively, then find the total number of Natraj pencils sold on Monday and Thur...