Which of the following is NOT an advantage of current exit value accounting; A)it follows the economic 'opportunity cost' principle. B)exit values facilitate comparison. C)the concept of realisable value is best understood by professional accountants. D)it is already widely used.

Question

Quizplus · Accepted Answer

The statement that "the concept of realisable value is best understood by professional accountants" is not necessarily true as it can be understood by anyone with basic accounting knowledge. Therefore, this is not an advantage of current exit value accounting.

Which of the Following Is NOT an Advantage of Current