Which consolidation concept mainly underlies the approach adopted in AASB 127?
A) The proprietary concept.
B) The accrual concept.
C) The entity concept.
D) The parent-entity concept.
E) None of the given answers.

Question

Quizplus · Accepted Answer

The entity concept underlies AASB 127, which focuses on the group as a single economic entity rather than individual entities within the group.

Which Consolidation Concept Mainly Underlies the Approach Adopted in AASB