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Dear sir,
Not to show Goodwill is an application of which concept? And the answer to it was Prudence… Can u please explain??Prudence is being cautious and only taking credit for something when it is certain.
We may think that our business is worth more because of goodwill, but we will only be certain of the amount if we actually sell the business.
(You have asked this in the wrong forum – it is Paper F3, not Paper F2.)
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