Economics · Accounting Principles
Which of the following are key features of prudent accounting concepts and conventions? (A) It includes revenues and profits in the accounts when they are realised. (B) It prevents profits from being overstated. (C) It prevents a trader from withdrawing more from the business than is wise. (D) Managerial efficiency and expertise. (E) Good customer relations. Choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A), (B) and (C) only✓
- 2(B), (C), and (D) only
- 3(A), (D) and (E) only
- 4(C), (D) and (E) only
Correct answer
(A), (B) and (C) only
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