Financial Accounting MCQs

Interpretation means

April 23, 2022

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Interpretation means

Q. Interpretation means

A. Concerned with preparation and presentation of classified data

B. Systematic analysis of recorded data

C. Methodical classification of data given in Financial Statements

D. Explanation of meaning and significance of the data in Financial Statements

Answer: Explanation of meaning and significance of the data in Financial Statements

Interpretation means

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In income measurement & recognisation of assets & liabilities which of the following concepts goes together ?

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