Only events that can be measured with sufficient reliability will be recognized in the accounting system.

Name: Only events that can be measured with sufficient reliability will be recognized in the accounting system.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Accounting is based on the principle of objectivity and reliability, which means that only events that can be measured with sufficient reliability will be recognized in the accounting system. This ensures the accuracy and fairness of financial reporting.

Only Events That Can Be Measured with Sufficient Reliability Will