πŸ“Š Financial Accounting 2
Q. While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
  • (A) business entity concept
  • (B) conservatism
  • (C) cost concept
  • (D) money measurement concept
πŸ’¬ Discuss
βœ… Correct Answer: (B) conservatism

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