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    What Is Prudence Principle?

    Can u explain with an example

    asked 1 year ago

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    Its an Accounting Principle and it means that assets and income shall not be overstated and liabilities and charges shall not be understated. However, the principle of prudence does not allow the creation of hidden reserves or undue provisions.

    answered 1 year ago   

    Please can u give an examle.

    comment made by Bloomsbury 1 year ago    Report

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