The accounting convention which states that profit must not be recognized until realized while all…

Home » Past Questions » Accounts-principles-of-accounts » Jamb » 1994 » The accounting convention which states that profit must not be recognized until realized while all…
Accounts - Principles of Accounts JAMB 1994

The accounting convention which states that profit must not be recognized until realized while all losses should be adequately provided for it termed

  • materiality
  • objectivity
  • consistency
  • conservatism checkmark

The correct answer is: D

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment