Which of the following accounting conventions suggests that accountants should use a method of valuation that understates rather than over-states results?
A Conservatism
B Historical
C Monetary
D Cost
Answer is A
Tutors, Past Questions and Projects.
Which of the following accounting conventions suggests that accountants should use a method of valuation that understates rather than over-states results?
A Conservatism
B Historical
C Monetary
D Cost
Answer is A
