New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the accounting convention of prudence,

    which of the following is taken into account?
    A All future losses but not profits Correct Answer Incorrect Answer
    B All future profits but not losses Correct Answer Incorrect Answer
    C Neither profits nor losses of the future. Correct Answer Incorrect Answer
    D All future profits and losses Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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