In Germany, Prudence Is an Accounting Principle Established in Commercial

question 53

Multiple Choice

In Germany, prudence is an accounting principle established in commercial law.What does "prudence" mean in an accounting context?

• A)Reliability
• B)Comparability
• C)Conservatism
• D)Relevance

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Definitions:

Customer Demand

The desire and requirement for products or services by end consumers, which drives the production and supply chain activities.

Increased Revenue

Refers to the growth in income generated from a business's products or services over a certain period.

Sustainability

The ability to maintain and support a process or practice over the long term without harming the environment or depleting resources.

Shared Benefits

Advantages or positive outcomes that are distributed among or accessible to multiple parties.