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.
Check out the video on Youtube
Also check,
Which of the following is not a characteristic of a corporation?
(Founder of Management Notes)
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
Latest posts by Smirti (see all)
- Building a Culture of Compliance: Strategies for Long-Term Success - January 21, 2025
- Which best describes how an investor makes money from an equity investment? - January 15, 2025
- Informed consent is considered an application of which belmont principle? - January 15, 2025