“Losses are anticipated and profits are not accounted until realized”, is the part of following principle

The correct answer is C. Conservatism.

Conservatism is the accounting principle that states that losses should be anticipated and profits should not be overstated. This principle is based on the idea that it is better to err on the side of caution when reporting financial information.

Consistency is the accounting principle that requires companies to use the same accounting methods from period to period. This principle is important because it allows investors and other users of financial statements to compare the financial performance of a company over time.

Comparability is the accounting principle that requires companies to use accounting methods that are similar to those used by other companies in the same industry. This principle is important because it allows investors and other users of financial statements to compare the financial performance of different companies.

Disclosure is the accounting principle that requires companies to provide all relevant information about their financial condition and performance in their financial statements. This principle is important because it allows investors and other users of financial statements to make informed decisions about a company.

In the case of the question, “Losses are anticipated and profits are not accounted until realized”, this is an example of the conservatism principle. This is because the company is anticipating losses and not accounting for profits until they are realized. This is a conservative approach to accounting because it errs on the side of caution.