Home » Accounts (Principles of Accounts) » The accounting convention which states that profit must not be recognized until realized while all…The accounting convention which states that profit must not be recognized until realized while all… The accounting convention which states that profit must not be recognized until realized while all losses should be adequately provided for it termed A. materiality B. objectivity C. consistency D. conservatism Correct Answer: Option D Explanation Related Posts Subscription prepared by members is recorded in the balance sheet of a club as a Which of the following is an example of production overhead? Amin Ltd. Creditor Ledger Control Account (Extracts) Beginning control account Balance: Debit 32,000 Credit 61,000… The sum of money given to a petty cashier out of which small payments are… Which of the following is not an item in the profit and loss account? Which of the following is the most liquid?
Amin Ltd. Creditor Ledger Control Account (Extracts) Beginning control account Balance: Debit 32,000 Credit 61,000…
