If we follow accrual basis of accounting....will it be in
conflict conservatism concept?
Answer / vignesh
In an Accrual basis of accounting we were recorded all the
items like prepaid and receivables, so if we convert
accounting assumption to other concepts there some confilict
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ACCOUNTING CONCEPTS AND CONVENTIONS
4 Answers Bajaj, Bajaj Capital,
You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.