what is prudence
- 2 Answers
- 4458 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manoj
Prudence is the concept which states that expenses and liabilities should be recognized as soon as they are incurred. but income should be recognized only when it is established that the possibility of earning such income is high and not remote
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / hum3057@yahoo.com
As Executive you take decision with responsibility,
intelligibility and care.
| Is This Answer Correct ? | 2 Yes | 2 No |
DIFFERNCE BETWEEN RESERVE AND FUND?
What are the disadvantages of double entry system?
what will be the journal entry-discount rs 2000 allowed to mr x.and discount received rs 2000 from mr x.actually i am confused that in the first entry both discount a/c and mr x a/c will be credited as per the accounting standards.please help experts.thanks
whatis the meaning of Depreciation? and why it will charge?
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
what is tds,pf and vat?
can any one send me tally professional version link
what is the meaning of Accrual Concept?
6 Answers emc2, IHG InterContinental Hotels Group, Rivera Manpower Services,
sold some office equipment of rs 1,300 (proceeds beingreceived as rs 700 by cheque and balance in cash) and paid the cheque into his private bank . what will be the journal entry please give answer when you sure about it thanks
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
Which Entry Contain all three accounts Principal(Personal,Real, & Nominal)
Tell me what is gaap?
Audit 
