The basic accounting concept that refers to the tendency of accountants to resolve uncertainty in favor of understating assets and revenues and overstating liabilities and expenses is known as
A) the doctrine of conservatism.
B) the materiality constraint.
C) the substance over form principle.
D) the industry practices constraint.

Question

Quizplus · Accepted Answer

The Answer is A

The Basic Accounting Concept That Refers to the Tendency of Accountants