Accounting · Accounting Principles
Creating a 'Provision for Bad and Doubtful Debts' is done in accordance with which accounting principle/convention?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Prudence / Conservatism✓
- 2Consistency
- 3Materiality
- 4Full Disclosure
Correct answer
Prudence / Conservatism
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