The Conceptual Framework includes a number of different measurement bases for assets, liabilities, income and expenses. Which of the following is not one of the measurement bases that may be used?
A) Present value
B) Fulfilment value
C) Realisable value
D) Current cost
Correct Answer:
Verified
Q53: Under the current Conceptual Framework which of
Q54: In accounting, recognition refers to:
I. the inclusion
Q55: If an entity receives a deposit in
Q56: Which of the following is not a
Q57: According to the Conceptual Framework which statement
Q59: _is the qualitative characteristic that simplifies complex
Q60: Which of these is not a characteristic
Q61: In accounting in Australia the most common
Q62: The concept of capital where capital is
Q63: Under the financial capital concept, profit exists:
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents