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| Q.53 | Which of the following CANNOT be considered as an example of conservatism? | |
| Ans | A. Income or profit is the property of the business unless distributed among the owners. | |
| B. Making provisions for bad debts in respect of doubtful debts. | ||
| C. Valuing stock in hand at lower of the cost or market value. | ||
| D. Amortising intangible assets like goodwill, patents, trademarks, etc. as early as possible. |
Correct Ans Provided: A
