Which accounting principle is designed to prevent abuses of flexibility in revenue recognition?
A) Consistency principle
B) Accrual principle
C) Going concern principle
D) Matching principle
Correct Answer:
Verified
Q7: Deferred tax is created when income tax
Q8: The basic principle of deferred taxation is
Q9: IFRS 15 states that,revenue associated with a
Q10: Which method is preferred by the IASB
Q11: Which of the following equations is correct?
A)
Q13: Permanent differences are created by revenue and
Q14: Which of the following statements does not
Q15: Which of the following methods is not
Q16: According to IFRS 15,revenue is 'income arising
Q17: Development costs can be capitalized and amortized
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