How Can Theories Be of Benefit in Accounting

Multiple Choice

How can theories be of benefit in accounting?

A) they assist us to improve accounting practice and they provide principles to take into account when taking action or making decisions
B) they help to identify problems and deficiencies with current accounting practice but do not assist us in improving accounting practice
C) they assist us in describing and explaining current accounting practice only
D) they assist us to predict and improve accounting practice only