Here I have explained the Conservatism Principle in a simple way.

It is also known as Prudence Concept.

Introduction to Accounting - Basics Concepts
https://youtu.be/xWKfKCnQqAE

Accounting Concepts Whole Playlist
https://www.youtube.com/playlist?list=PLVjZhvcpvcGpelA9_vfMEc1JL-GgT95w7

PDF Notes (Telegram)
https://t.me/sahebacademy7

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