Conservation of Assets - SS1 Accounting Past Questions and Answers - page 1

The principle that a company should use its assets carelessly

The principle that a company should use its assets wisely and carefully

The principle that a company should use its assets in a wasteful manner

The principle that a company should not invest in any assets

It helps to maximize asset value

It reduces costs

It increases productivity

All of the above

Implement security measures to prevent theft

Regularly maintain and repair equipment and machinery

Have insurance policies in place to cover losses

All of the above

It helps to reduce costs

It helps to increase productivity

It helps to maintain a competitive edge

All of the above

To ensure the long-term sustainability of a company's operations

To maximize the short-term profitability of a company

To encourage careless use of assets

To promote excessive investment in assets