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The policy ‘anticipate the profit and provide for all possible losses’ arises due to ?

<p><strong>(a) convention of consistency </strong></p> <p><strong>(b) convention of conservatism</strong><strong>(c) convention of full disclosure</strong></p> <p><strong> (d) convention of materiality</strong></p>

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/11/28
FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

Deleted user
by Deleted user

(c) convention of full disclosure

Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Convention of full disclosure, thanks for invitation

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

C correct answer

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option (c)    >>>>>>>>>>>>>>>    convention of full disclosure

(b) convention of conservatism

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