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Considering principles only, if a sale transaction is recorded using estimates based on a future sale which hasn't happened yet, what two principles have been
Considering principles only, if a sale transaction is recorded using estimates based on a future sale which hasn't happened yet, what two principles have been violated?Ignore the constraint it violates. Principles: Cost & Revenue Recognition PrinciplesPrinciples: Conservatism & Full Disclosure PrinciplesPrinciples: Expense Recognition & Full Disclosure Principles Principles: Full Disclosure & Revenue Recognition Principles
Considering principles only, if a sale transaction is recorded using estimates based on a future sale which hasn't happened yet, what two principles have been violated?Ignore the constraint it violates. Principles: Cost & Revenue Recognition PrinciplesPrinciples: Conservatism & Full Disclosure PrinciplesPrinciples: Expense Recognition & Full Disclosure Principles Principles: Full Disclosure & Revenue Recognition Principles
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Global Financial Accounting And Reporting Principles And Analysis
Authors: Peter Walton, Walter Aerts
1st Edition
1844802655, 9781844802654
