The concept that states that a business should not lay claim to any profits before it is earned with reasonable certainty is
A constitency concept
B prudence concept
C accrual concept
D going corncern cocept
Answer is C
Tutors, Past Questions and Projects.
The concept that states that a business should not lay claim to any profits before it is earned with reasonable certainty is
A constitency concept
B prudence concept
C accrual concept
D going corncern cocept
Answer is C