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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
Psychology is the science of
The acidic soils can be reclaimed by the application of ____
Excellent source of nitrogen in groundnut is
Round revolution is related to _______
The Agricultural year in India starts and ends on ____
Although plants not dead, but plants will die if water is not added, the condition is termed as
A situation when the rainfall deficiency is 25% or more of long term average, it is classified as
True Potato seed (TPS) was first evolved through sexual reproduction like tomato, chili, brinjal etc., by……………………….
...pigeon pea is often cross pollinated crop but alfalfa is the
On an average, the total solids in buffalo milk is:
