Meaning conservatism principle
What does conservatism principle mean? Here you find 2 meanings of the word conservatism principle. You can also add a definition of conservatism principle yourself
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conservatism principle Accounting guideline requiring that accountants choose the safer, or more conservative, method when there is a choice of procedures. consistency principle
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conservatism principleThe accounting principle that guides accountants to select the less optimistic estimate when two estimates of amounts to be received or paid are about equally likely.
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