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What is Convention of Conservatism? It is also known as ‘doctrine of prudence’. Convention of Conservatism states to anticipate all the future losses and ignore gains. The managers who are responsible for running the business...
Convention of Materiality Convention of materiality states that items of small significance need not to be given strict theoretically correct treatment. There are many events in business which are insignificant in nature....
In today’s fast-paced business landscape, companies often find themselves walking a tightrope between thriving growth and looming financial instability. While visionaries dream of scaling their startups into industry...
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