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Question text Relevance and faithful representation are the... a. enhancing qualitative characteristics...

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Accounting

Question text
Relevance and faithful representation are the...
a.
enhancing qualitative characteristics of the disclosure requirements as stipulated in IFRS.
b. fundamental qualitative characteristics of financial reporting as stipulated in IFRS.
c.
fundamental qualitative characteristics of financial reporting as stipulated in the Conceptual Framework.
d.
enhancing qualitative characteristics of financial reporting as stipulated in the Conceptual Framework.
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Question 14
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Question text
Which one of the following is an example of a financial asset:
a.
Inventory
b.
Loans receivable
c.
Trade payable
d.
Property, Plant and Equipment
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Question 15
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Question text
Which one of the following expenses should be included in the cost of inventories sold during the year?
a.
Carriage on sales
b.
Carriage on purchases
c.
Depreciation on delivery vehicle
d.
Insurance on deliveries
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