According to___principle of accounting, profits are never anticipated, but all prospective losses should be recorded in the books of accounts.

Accounting period

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Prudence

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Money measurement

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business entity

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List-I(Accounting concept)	List-II(Principle involved)
I. Consistency	(a) Losses are anticipated and accounted for in advance but profits are not accounted for until realised
II. Comparability	(b) All the relevant financial information should be summarised and presented in the accounting statements
III. Conservatism	(c) According procedures in an entity should be followed uniformly from period to period
IV. Disclosure	(d) Accounting statement of different periods of an entity and those of different entities of a period should be based on the same accounting principles and procedures
	(e) Personal Judgement of accountants should not influence accounting measurements

Which of the following can be recorded in the books of account as per money measurement concept in accounting?

Anticipate no profits and provide for all possible losses. This is essence of which of the following accounting principles:

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