Prudence: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 21/8/13) |
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''Accounting.'' | ''Accounting.'' | ||
The accounting principle that income and assets should only be recognised when they are reasonably certain, whilst expenses and liabilities should always be recognised whenever they are probable. | The accounting principle that income and assets should only be recognised when they are reasonably certain, whilst expenses and liabilities should always be recognised whenever they are probable. | ||
== See also == | == See also == | ||
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* [[Consistency]] | * [[Consistency]] | ||
* [[Disaggregation]] | * [[Disaggregation]] | ||
Revision as of 11:39, 21 August 2013
Accounting.
The accounting principle that income and assets should only be recognised when they are reasonably certain, whilst expenses and liabilities should always be recognised whenever they are probable.
