Question

e
5
4. Which of the following statements best explains the principle of
faithful representation in relation to the preparation of the annual
financial statements?
A Transactions are presented any way that is considered appropriate.
B Transactions are presented in such a way as to maximise profit for the year.
C Transactions are presented in such a way to maximise asset values in the
statement of
financial position.
D Transactions are presented to reflect their commercial substance of a
transaction
rather than their legal form.
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Answer 1

Відповідь:С

Пояснення:Транзакції представлені таким чином, щоб максимізувати вартість активів у

заява про

фінансова позиція.