Hi sir,
The topic is" Which is the main concept which leads to be introduced into public sector accounting ?
A materiality B accruals C relevance D faithful representation"
The solution is B accruals
I am confused about it, and I just wonder the reason why we do not choose D faithful representation.
Thanks in advance.
Ask the Tutor ACCA FR
Public sector accounting
I believe that you can attain more faithful representation by following the accruals concept
Put another way, you cannot have faithful representation by not following the accruals concept
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