Accounting theory can be described as:
A) being based only on observations.
B) description,explanation or prediction of accounting practice based on observations and/or logical reasoning.
C) a set of facts,specific in nature,against which accounting practice can be evaluated.
D) being irrelevant to the development of new practice and procedures.
Correct Answer:
Verified
Q2: Which of the following statements is correct
Q3: Research of or about accounting would not
Q4: An example of how theory can help
Q5: Is it possible to have different theories
Q6: An example of how theory can predict
Q8: Which of the following statements is incorrect
Q9: Which of the following statements is correct?
A)a
Q10: Which of the following statements are true?
A)The
Q11: Which of the following statements is true
Q12: Research in accounting would not consider the
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