Conservative accounting practices are those that result in reporting lower income,lower assets,and higher liabilities.

Name: Conservative accounting practices are those that result in reporting lower income,lower assets,and higher liabilities.
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Conservative accounting practices aim to minimize the possibility of overstating financial results by adopting measures that report lower income, lower assets, and higher liabilities. This ensures more accurate and reliable financial reporting.

Conservative Accounting Practices Are Those That Result in Reporting Lower