Prudence: Difference between revisions
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imported>Doug Williamson m (Spacing 21/8/13) |
imported>Doug Williamson m (Category added 9/10/13) |
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* [[Consistency]] | * [[Consistency]] | ||
* [[Disaggregation]] | * [[Disaggregation]] | ||
[[Category:Accounting_and_Reporting]] | |||
Revision as of 10:51, 9 October 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.
