請各位a/c高人賜教 (超急URGENT)

2007-05-12 3:58 am
Identify the element definitions, concepts, principle or assumption that appears to be violated in each independent situation below, and write a brief explaination of your reasoning.

In estimating the provision for the doubtful debts, the director of Mia Cop prefers to have a provision thats slightly small rather than it is too large.

請各位高人指點迷津,教我應怎樣做。
更新1:

可唔可以俾個answer我?

回答 (1)

2007-05-12 4:24 pm
✔ 最佳答案
如果呢題係ce會計既話, 個人覺得佢係違反prudence concept.
寫完prudence concept之後, 再解釋何謂prudence concept:
If in doubt, overstate expenses but understate assets and profit.
然後再寫點將呢條concept applied落呢件事件中.



2007-05-13 08:19:08 補充:
He violates prudence concept. The concept states that overstate expenses but understate assets and profit, if in doubt. As some amount are not expected to be collected, provision should be made for the bad debts.

2007-05-13 08:19:16 補充:
When there is a question, director of Mia Cop should record an asset at the lowest reasonable amount.


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