Concept:The prudence concept avoids overstating profit by recognizing income only when it is actually earned.
Explanation:The prudence concept is also known as conservatism.
It states that an accountant should not anticipate income or profit before it is realized.
Instead, the accountant should choose figures that understate profit rather than overstate it.
Therefore, a business cannot claim profit before it has been genuinely earned.
This matches the idea of prudence, not going concern, dual aspect, or consistency.
Answer:B. prudence concept