A liability should only be recognised in the financial statements when:

A) (i) and (ii) only
B) (i) and (iii) only
C) (ii) and (iii) only
D) (i), (ii) and (iii)

Question

A liability should only be recognised in the financial statements when:

A) (i) and (ii) only 
B) (i) and (iii) only 
C) (ii) and (iii) only 
D) (i), (ii) and (iii)

Quizplus · Accepted Answer

The Answer of A liability should only be recognised in the financial statements when:

A) (i) and (ii) only 
B) (i) and (iii) only 
C) (ii) and (iii) only 
D) (i), (ii) and (iii)

A Liability Should Only Be Recognised in the Financial Statements