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Pls answer the questions with your detailed explanations, it's much appreciated. 2.3 Which accounting concept states that omitting or misstating this information could influence users

Pls answer the questions with your detailed explanations, it's much appreciated.

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2.3 Which accounting concept states that omitting or misstating this information could influence users of the financial statements? The consistency concept The accruals concept The materiality concept The going concern concept (2 marks) 2.4 According to the IASB's Conceptual Framework, which TWO of the following are part of faithful representation? (1) Neutrality (2) Relevance (3) Fair presentation (4) Free from material error 1 and 2 2 and 3 1 and 4 3 and 4 (2 marks) 2.5 Which of the following accounting concepts means that similar items should receive a similar accounting treatment? Conformity Accruals Matching Consistency

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