How Does an Accountant Decide on the Appropriate Method of Accounting

Multiple Choice

How does an accountant decide on the appropriate method of accounting for a business transaction?

A) Evaluating if the particular method is consistent with the conceptual framework.
B) Ensuring that the accounting method agrees with that selected by other companies.
C) Evaluating whether the selected method differs from the underlying economics.
D) Testing the selected method for numerical accuracy and consistency.