Which of the following accounting conventions suggests that accountants should use a method of valuation that understates rather than over-states results? By: Sunday|Published on: Dec 5|Categories: Accounting JAMB| 0 comments A. Conservatism B. Historical C. Monetary D. Cost Correct Answer: Option A – Conservatism Users Also Read These:Based on the FIFO method of valuation the total cost…Which of the following stock valuation method is…Conventions are mostly used by states that have?The accounting convention which states that the…The fish preservation method, which results in the…SEE ALSO The concept which states that revenue should be recognized at the point when the sale is deemed to have been made is?