MATSEC IM Accounting Practice Questions - Malta Intermediate Matriculation (IM) Accounting - IM 01 (2026) Exam

The prudence concept is BEST illustrated by which policy?

Recognising an allowance for doubtful trade receivables when recovery is uncertain Recording unrealised gains on inventory as income before sale Ignoring known liabilities until cash is paid Capitalising all repairs as non-current assets to increase profit

Correct Answer:

Recognising an allowance for doubtful trade receivables when recovery is uncertain

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