Multiple Choice
Which of the following actions are consistent with the notion of "prudence"?
A) deliberate overstatement of expenses to reduce profits.
B) excessive provisions for warranty expenses.
C) careful assessment of doubtful debts.
D) adoption of accelerated depreciation method to reduce profits.
E) moving forward unrealised sales to increase profits.
Correct Answer:

Answered by ExamLex AI
Correct Answer:
Answered by ExamLex AI
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