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Which of the following statements is false?

(a) IFRS employs the time period assumption.

(b) IFRS employs accrual accounting.

(c) IFRS requires that revenues and costs must be capable of being measured reliably.

(d) IFRS uses the cash basis of accounting.

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Question added by Deleted user
Date Posted: 2016/08/28
Jafar  Ali Wahed Mohammed
by Jafar Ali Wahed Mohammed , Finance Manager , Al Jubiri Group

d) IFRS Uses the cash basis of Accounting. 

 

it shall be noted that the IFRS supports only Accrual basis which is the Primary Accounting Convention. 

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