Provision for doubtful debts is made in conformity with

Accounts - Principles of Accounts

WAEC 2022

A. business entity concept
B. money measurement concept
C. prudence concept
D. materiality concept

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Correct Answer: Option C

Explanation

Prudence also known as conservatism. The principles states that the accountant should not be anticipate income and will normally take figure that will understate rather than overstate the profit.

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Provision for doubtful debts is made in conformity with

Correct Answer: Option C

Explanation

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