A. marching
B. consistency
C. realization
D. prudency
Correct Answer:
Option D – prudency
Explanation
Prudence Concept or Conservatism principle is a key accounting principle which makes sure that assets and income are not overstated and provision is made for all known expenses and losses whether the amount is known for certain or just an estimation i.e expenses and liabilities are not understated in the books of account
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