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just give answe only din't explain 12. The financial statements should not be prepared with the intention to influence certain decisions. This is in accordance
just give answe only din't explain
12. The financial statements should not be prepared with the intention to influence certain decisions. This is in accordance with the concept A. comparability B. neutrality C. consistency D. materiality (1 mark) 13. Which of the following qualitative characteristics relates to the fact that an information is complete, neutral and free from error? A. Verifiability B. Faithful representation C. Consistency D. Relevance (1 mark) 18. Based on the following information, calculate the total revenues using the accounting equation. Particular Assets Capital Liabilities Expenses RM 320,000 300,000 60,000 200,000 A. B. C. D. RM480,000 RM520,000 RM180,000 RM160,000 (1 mark) 10. Which of the following is the fundamental qualitative characteristics of the conceptual framework for financial reporting ? A. Relevance B. Verifiability C. Timeliness D. Understandability (1 mark) mark 23. The debit side of journal entry is used to record the following except: A. B. C. D. Decrease in revenues. Decrease in liabilities. Increase in expenses. Increase in Owner's equity. (1 mark)Step by Step Solution
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