Question
An accounting estimate is _______. A. an exact monetary amount when a precise means of measurement is available B. an approximation of a monetary amount
An accounting estimate is _______.
A. an exact monetary amount when a precise means of measurement is available
B. an approximation of a monetary amount when a precise means of measurement is not available
C. prohibited by GAAP and should be questioned by the auditor
D. a figure that should be left to the external auditor to determine at the end of the year
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Internal Auditing In Savings And Credit Cooperative Societies
Authors: Daniel Njuguna
1st Edition
B0C8SCJKRT, 979-8223128649
