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  3. Study Set
    Australian Financial Accounting Study Set 1
  4. Exam
    Exam 2: The Conceptual Framework of Accounting and Its Relevance to Financ
  5. Question
    The Framework Adopts Which Approach to Determining Profits
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The Framework Adopts Which Approach to Determining Profits

Question 4

Question 4

Multiple Choice

The Framework adopts which approach to determining profits.


A) Revenue/expense approach.
B) Matching principle approach.
C) Asset/liability approach.
D) Cash basis approach.
E) None of the given answers

Correct Answer:

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