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The IASB conceptual framework specifically identifies accrual basis account

The IASB conceptual framework specifically identifies accrual basis accounting as one of its fundamental assumptions



TRUE OR FALSE:
1.	Materiality is one of the basic assumptions of accounting used by the International Accounting Standards Board (IASB).

	2.	Periodicity is one of the basic assumptions of accounting used by the International Accounting Standards Board (IASB).

	3.	Timeliness is one of the basic assumptions of accounting used by the International Accounting Standards Board (IASB).
	4.	The periodicity basic assumptions of accounting (used by the International Accounting Standards Board) makes depreciation and amortization policies justifiable and appropriate.

	5.	The IASB conceptual framework specifically identifies accrual basis accounting as one of its fundamental assumptions.




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26 May 2016

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  1. Genius

    The IASB conceptual framework specifically identifies accrual basis accounting as one of its fundamental assumptions

    The IASB conceptual framework specifically identifies accrual basis accounting as one of its ****** ******
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