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  • Accounting Concepts, Conventions and Standards
  • The concept of conservatism takes into account
Multiple choice

The concept of conservatism takes into account

  1. all future profits and losses

  2. no future profits & losses

  3. all future profits only

  4. all future losses only

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

It takes into account only the future losses but not profits.

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