Respuesta :
The conservative principle is the broad idea that expenses and liabilities should be recognized as soon as feasible when there is uncertainty about the outcome, while income and assets should only be recognized when they are certain to be received.
The lesser profit transaction, or at the very least the deferral of a profit, should be recognized when offered a choice between various possibilities where the odds of occurrence are equal. Similar to this, acknowledge the transaction resulting in a lower recorded asset valuation if a choice of events with comparable probabilities of occurrence will affect the value of an asset.
According to the conservative principle, you should lean against recording a loss if there is any doubt about sustaining one.
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