Mang Roger is applying which of the following accounting concepts when he crosses out your dues in his accounting records?

Understand the Problem

The question is asking us to identify the accounting concept that Mang Roger is applying when he crosses out the dues in his records despite repeatedly reminding the debtor. The focus is on understanding which principle governs the recognition of debts and their write-off in accounting.

More Information

The prudence concept in accounting suggests recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but only recognizing revenues and assets when they are assured of being received. By crossing out an uncollectible due, Mang Roger is applying this conservative approach.

Sources

• 6 You went abroad and forgot to pay Mang Roger see 5 above ... - coursehero.com
• This accounting concepts is entity specific meaning - Course Hero - coursehero.com