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In certain situations, companies might recognize losses but not gains. This action belongs to:
revenue recognition principle
Conservatism principle
Money measurement concept
matching principle
conservatism principle The idea of conservatism suggests that as a business, should anticipate and record future losses rather than future gains
By: NIHARIKA WALIA ProfileResourcesReport error
Red devil
Good
Aman Ambasth
Query in Q.19.
The above question means that one should anticipate losses but not profits. This means that prepare for future losses that can happen.
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