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Accounts Lessons
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Post a LessonAnswered on 28/01/2023 Learn Tuition/Class XI-XII Tuition (PUC)/Accounts
Deepali
Programming languages trainer with having 8 years experience
The conservatism concept is a concept in accounting which refers to the idea that expenses and liabilities should be recognised as soon as possible in a situation where there is uncertainty about the possible outcome and in contrast record assets and revenues only when they are assured to be received.
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