The accounting constraint that refers to the tendency of accountants to resolve uncertainty in favor of understating
Question:
The accounting constraint that refers to the tendency of accountants to resolve uncertainty in favor of understating assets and revenues is known as (the):
a. matching principle.
b. materiality.
c. conservatism.
d.” monetary unit assumption.
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Related Book For
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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