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The concept of conservatism will have the effect of?

(A) Overstatement of Assets
(B) Understatement of Assets
(C) Overstatement of Liabilities
(D) Understatement of Liabilities

►Correct Option

Correct Option is: B

Accounting McqsAccounting Interview Questions, Accounting Mcqs, Accounting Questions, Cost accounting Mcqs, Financial Accounting Mcq

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