Accounting · Accounting Principles
The accounting rule 'anticipate no profit and provide for all possible losses' is the core guiding philosophy of which accounting principle?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Money Measurement Principle
- 2Accrual Principle
- 3Principle of Consistency
- 4Principle of Conservatism (Prudence)✓
Correct answer
Principle of Conservatism (Prudence)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Accounting Principles MCQs →Want more practice questions on Accounting Principles?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Accounting Principles