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Provision for bad debts is made as per the

Asked on by | Votes -1 | Views: 55 | Tags: general knowledge     | commerce     | accounting     | Add Bounty

Provision for bad debts is made as per the

A).  Conservatism concept

B).  Cost concept

C).  Consistency concept

D).  Going concern concept


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Answered by on | Votes 0 |

 Conservatism concept



Provision for bad debts is made as per the Conservatism concept. The conservatism principle is the general concept of recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but to only recognize revenues and assets when they are assured of being received.

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