Which of the following is most closely linked to accounting conservatism? | Accounting Quiz | Management Notes

The various options for the question “Which of the following is most closely linked to accounting conservatism?” are as below:

a. Lower-of-cost-or-market rule
b. Materiality concept
c. Disclosure principle
d. Consistency principle

The correct answer to this question is an option (b) Materiality concept.

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