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Accounting estimate is?

a) A rough estimate of the value of one of the items in the absence of the means of accurate measurement. b) Accurate estimation based on historical cost. c) The revised estimate based on the revised cost. d) Correct assessment based on the market price.

IAS IFRS Finance
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Question added by Rashad Moursi , Financial and Administrative Officer & international Business Transformer, Hotel Owner Reprs. , Investment and financial
Date Posted: 2014/06/07
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Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Answer is A.

Deleted user
by Deleted user

A rough estimate of the value of one of the items in the absence of the means of accurate measurement.

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