Author name: Patrick

Prudence Principle of Accounting a Closer Look With Example

The conservatism principle of accounting states that the accountants must choose the most conservative outcome when two outcomes are available. The main logic behind this principle of conservatism is that when two reasonable possibilities for recording a transaction are available, one must err on the conservative side. It means one has to record uncertain losses […]

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Stock market today: Dow closes at record, S&P 500, Nasdaq rise as Wall Street notches strong weekly gains

The online travel booking platform slid around 0.7% in the session, making it the worst performer in the ETF. The small cap-focused Russell 2000 added about 1.7% in Friday’s session. The move puts the stock on pace for its best day since June 10, when it gained more than 24%. The Dow is also a

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