Question
"Anticipate no profit and provide for all possible
losses". It is based on the convention of:Solution
The statement "Anticipate no profit and provide for all possible losses" reflects the accounting convention of conservatism. This convention suggests that when faced with uncertainty, accountants should be cautious and conservative in recognizing profits, but quick to recognize potential losses. This helps in presenting a more prudent and reliable picture of a company's financial position and performance.
The investors should be (1)/ aware of post-listing volatility, (2)/ with broader market sentiment (3)/ potentially impact Waaree's price movements (4) ...
In the following question, a sentence is divided into five parts. The bold part is grammatically correct. Out of the other five parts, one part has an e...
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark i...
The P.M. said that his party would (a)/ not repeat the mistakes (b)/ done by the previous government. (c)/ No error (d)
In the sentence, certain words are in bold and numbered from A to E, which are the possible pairs to be interchanged. Choose the pair(s) of words which...
I’ve got a busy day tomorrow, so I think I’ll hit the sack.
In each of the questions given below, a sentence is given, divided into parts. One of the parts may contain an error. Identify the part that contains t...
X. India continues to rank poorly in various global indices that reflects the quality of life, human capital or human development in the country.
...Each sentence given below has been divided into four options A, B, C, D one of which is erroneous. Identify the erroneous part and mark that option as ...
I have been knowing(1)/ him for the last(2)/ five years but now I don’t(3)/ know where he lives.(4)
