Question
Which of the following principle applies when Provision
for Doubtful Debts is required to be maintained in the books of accounts?Solution
Conservatism principle states that record for the anticipated losses and Expenses. It is also called prudence principle. Example-Provision for Doubtful debt - The debtors have not defaulted yet, but if you are anticipating a default in the future, record it as an expense now. Also, Valuation of Inventory is done at Cost or Net Realizable Value, whichever is less.
3, 7, 16, 35, ?, 153
51     53     109     332     ?     6686
...A number series is given below, which follows a specific pattern. If 'A' represents the 'x'th term and 'B' represents ...
31Â Â Â 32Â Â Â Â 41Â Â Â Â 66Â Â Â 115Â Â Â Â ?
48Â Â Â 83Â Â Â 118Â Â Â 153Â Â Â 188Â Â Â ?
22Â Â Â Â Â Â Â Â Â Â 62Â Â Â Â Â Â Â Â Â Â 178Â Â Â Â Â Â Â Â 522Â Â Â Â Â Â Â Â 1550Â Â Â Â Â Â ?
...16, 8, 8, ?, 24, 60
3 12 48 192 768 ?
412, 537, 573, 916, 980, ?
12 Â Â Â 11 Â Â Â Â 21 Â Â Â Â 62 Â Â Â Â ? Â Â Â Â Â 1234
Relevant for Exams:
