conservatism, Financial Accounting

business is started with the objective of making profits but the conservatism concept says not to anticipate profit.... why so??
Posted Date: 10/16/2012 8:24:32 AM | Location : United States







Related Discussions:- conservatism, Assignment Help, Ask Question on conservatism, Get Answer, Expert's Help, conservatism Discussions

Write discussion on conservatism
Your posts are moderated
Related Questions
ACT presently is all-equity financed. This reflects the stance of the former CEO, a dominant personality who stated repeatedly: "I don't want us to be in thrall to the demands of t

a) DELL computers sell 100 PCs at Rs.42,000. The variable expenses amount to Rs.28,000 per PC. The total fixed expenses is Rs.14,00,000. Prepare an income statement.   b.) Ca

Hydroponics is considering adding another greenhouse that would cost $95,000 and generate $20,000 in annual net cash flows over its 8 year expected life. What is this project's int

State the role of Accounting information Accounting information has a significant role to play in reporting the extent to which different groups have benefited from the busines

Prospective Financial Information (forecast and projection) - Forecast: Prospective financial statements which present, to the best of responsible party's knowledge and belief, an

INTER-COMPANY TRANSACTIONS AND BALANCES As the associate company is not consolidated, care should be taken when there are trading transactions and inter-company balances between

what are the types and objectives of international accounting standersds?

Harry purchased equipment for his business and gave the seller cash and a note due in two years. Larry also purchased business equipment, but financed the transaction with a bank l

what is general legacy

We consider two identical firms that produce the same good. The demand for that good is the function D(p) = 1 - p where p is the unit price. Firms incur no cost. The competition