|
Principle of prudence
The principle of prudence is a key accounting principle. Potential gains in the accounts should not be shown unless they are realised through asset disposals, Sales of finished goods, etc, and potential losses should be registered through provisions for the loss in Value of inventories, Equity and property investments, etc.
Principle of prudence
The principle of prudence is a key accounting principle. Potential gains in the accounts should not be shown unless they are realised through asset disposals, Sales of finished goods, etc, and potential losses should be registered through provisions for the loss in Value of inventories, Equity and property investments, etc.
See
all terms in the dictionary of finance
|
|
|
|
You get more than just a glossary
on www.vernimmen.com:
- A monthly newsletter with over 60,000
subscribers
- 610,000 financial data for over 16,000
groups
- A 279-question quiz with answers
- A text book that has
sold 130,000 copies
- And all the rest |
