Identify whether these professionals should or shouldn’t record the transaction in the company accounts using the principle of prudence.
Theo estimates that he might
have to incur additional
expenses for the purchase
of raw materials next month.
Sarah estimates that the
market value price
of the office building
has risen by $50,000.
Jacob bought goods for the
business on credit.
Jerry buys fuel for his
personal car.
JSL Inc. bought stocks
of another company.