Which of the following factor is not considered while selecting accounting policies?
A)prudence
B)substance over form
C)accountancy
D)materiality

Question

Quizplus · Accepted Answer

The term "accountancy" is not a factor considered while selecting accounting policies. Factors like prudence, substance over form, and materiality are considered to ensure that financial statements provide a true and fair view of the company's financial position. "Accountancy" is a broad field that encompasses the principles, practices, and procedures of accounting, rather than a specific factor for selecting policies.

Which of the Following Factor Is Not Considered While Selecting