EPFO EO/AO • General Ability Test • 2021 • Q.107
Accountancy & AuditingMedium
What is the underlying accounting concept that supports no anticipation of profits but provision for all possible losses?
Syllabus Connection
Principles of Accountancy: Accounting concepts & conventions, double-entry bookkeeping, journal, ledger, trial balance, depreciation, final accounts preparation (trading, P&L, balance sheet), company accounts & share capital, Accounting Standards (AS & Ind AS). (APFC)
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