What Is Prudence And Frugality?

What Is Prudence And Frugality? Prudence is defined as the ability to have good judgment that allows avoidance of dangers and risks. Meanwhile, frugality is the act of using money or other resources wisely and practically. What is the difference between frugal and prudent? is that frugal is avoiding unnecessary expenditure either of money or

Why Is Prudence Concept Important?

Why Is Prudence Concept Important? Prudence is a fundamental accounting, which is the base for the financial statements. It helps the financial statements to show a more realistic picture of the expenses, assets, liabilities, and revenue. It helps in proactive recognition of expenses and liabilities. What is the importance of prudence concept? Prudence concept has

What Are Examples Of Prudence?

What Are Examples Of Prudence? Prudence is defined as the act of being careful, often with money. An example of prudence is checking your bank account before you spend money. The quality or state of being prudent; wisdom in the way of caution and provision; discretion; carefulness; hence, also, economy; frugality. What does prudence virtue

Which Is The Best Of All Virtues?

Which Is The Best Of All Virtues? Forbearance – patience and perseverance. Kindness – having moral integrity. Goodness – be generous to others. Faithfulness – being trustworthy to others and being faithful to your savior. Gentleness – humility and grace in situations. Self-Control – controlling desires. Which is the highest virtue? Truth is the highest