Millionaire Mode

Fundamentals of Accounting - 2

Question 1 of 25

Which principle is often described as ''Anticipate no profit but provide for all possible losses''?

  1. Consistency Principle
  2. Accrual Principle
  3. Conservatism Principle
  4. Principle of Prudence

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000