The accounting convention which states that profit must not be recognized until realized while all...

JAMB 1994

The accounting convention which states that profit must not be recognized until realized while all losses should be adequately provided for it termed

A. materiality
B. objectivity
C. consistency
D. conservatism

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Correct Answer: Option D

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The accounting convention which states that profit must not be recognized until realized while all...

Correct Answer: Option D

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