The accounting convention of guides the relative sophistication of the accounting system.
A) conservatism
B) materiality
C) objectivity
D) cost benefit

Name: The accounting convention of guides the relative sophistication of the accounting system. A) conservatism B) materiality C) objectivity D) cost benefit
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Question

Quizplus · Accepted Answer

The cost-benefit convention guides the sophistication of the accounting system by weighing the benefits of information against the costs of providing it.

The Accounting Convention of Guides the Relative Sophistication of the Accounting