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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 ajoutée par Utilisateur supprimé
Date de publication: 2016/08/28
Jafar  Ali Wahed Mohammed
par 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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