The Prudence concept is the compelling reason for which of the following accounting treatment? Select one: a. Accounting for sales though a portion of which is not received by the balance sheet date. b. Accounting for the personal expenses of the proprietor met by the business as drawings. c. Reporting as an asset the unsold portion of goods purchased for sale. d. Setting up an allowance for receivables not expected to be recovered. Which statement about asset entry is CORRECT? Select one: a. Assets increase on the credit side and decrease on debit side b. Assets never increase or decrease c. Assets increase and decrease on the debit side d. Assets increase on the debit side and decrease on the credit side