Which accounting concept dictates the inclusion of 'provision for doubtful debts'...

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Which accounting concept dictates the inclusion of 'provision for doubtful debts' in the financial statements?

A. Accrual concept

B. Matching concept

C. Going concern concept

D. Prudence concept

Answer: Option D

Solution (By Examveda Team)

Prudence concept dictates the inclusion of 'provision for doubtful debts' in the financial statements.

This Question Belongs to Commerce >> Accounting

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Comments (2)

Mr Khan:

6 years ago

Please explain it
San Tosh:

8 years ago

Please Explain in brief.

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