The Concept of Conservatism takes into account
A. all prospective profits and all prospective losses.
B. all prospective profits and leaves all prospectives losses.
C. all prosepective losses but not the prospective profits.
D. None of the above.
A. all prospective profits and all prospective losses.
B. all prospective profits and leaves all prospectives losses.
C. all prosepective losses but not the prospective profits.
D. None of the above.
Correct Answer – C