CA Foundation doubt
What is the easy explanation of Conservatism concept
Asked by Aashu20 Jul 2025884 views
2 answers
Vanshika · 20 Jul 2025
Conservatism concept state that if their is going to be any loss for business in future u should record it now ie anticipated losses but one shouldn't record any anticipated profit ie profit that Is going to be future
Sohan · 20 Jul 2025
Its simply means LHS=RHS
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