What is the difference between prudence concept and matching concept ?

Top Answer: <p>An accounting principal according to which expenses and liabilities should record as soon as it ... See More

Top Answer: The prudence concept. Under the prudence concept, do not overestimate the amount of revenues recognized o ... See More

Top Answer: Under prudence concept we make it sure while recognizing revenue and expenses that they would not be over ... See More

Top Answer: Prudence concept is a key accounting principle which may sure that assets and income are not ove ... See More