CONSERVATISM The convention is that when there is a choice between two figures to take for an item the figure to take is the one that understate the profit. The reason why accountants often get a bad name (although rightly so for those who deliberately mislead). By Catalin|2022-06-22T05:25:36+00:00June 22, 2022|Concepts and Conventions|0 Comments Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInWhatsAppTelegramTumblrPinterestVkXingEmail About the Author: Catalin Leave A Comment Cancel replyComment Save my name, email, and website in this browser for the next time I comment. Notify me of new posts by email.