Accounting · Accounting Principles
Under which accounting principle are all probable losses accounted for, but probable gains are not recorded until they are realized?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Prudence Principle✓
- 2Accrual Principle
- 3Going Concern Principle
- 4Consistency Principle
Correct answer
Prudence Principle
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