Accounting concepts

Accountancy

The concepts of conservatism, when applied to the Balance Sheet results in understatement of assets?

Nidhi S

CA Inter

★ 4K+

10-May-23 19:21

470

Answers (2)

Yes

Saurish Chanda

CA Foundation

★ 23K+

10-May-23 22:03

Yes it will apply on b/s assets Suresh Did u understood ❓ the concept of conversation Or do you want to explain❓

Balachandar S

CA Inter

★ 59K+

14-May-23 04:36