"Losses are anticipated and profits are not accounted until realised", is the part of following principle

The correct answer is Conservatism.

Important Points

Principle of Conservatism: 

• The concept of conservatism requires that profits should not to be recorded until realised but all losses, even those which may have a remote possibility, are to be provided for in the books of account. 
• This approach of providing for the losses but not recognising the gains until realised is called conservatism approach.

Additional Information

• Principle of Consistency: This principle states that all the methods of accounting should be consistent every year.
• Principle of Full Disclosure: The principle of full disclosure requires that all material and relevant facts concerning financial performance of an enterprise must be fully and completely disclosed in the financial statements and their accompanying footnotes.