Question

    The Objective of ______ is to ensure that appropriate

    recognition criteria and measurement bases are applied to provisions and contingent liabilities and that sufficient information is disclosed in the notes to the financial statement to enable users to understand their nature, timing and amount.
    A AS 26 Correct Answer Incorrect Answer
    B AS 29 Correct Answer Incorrect Answer
    C AS 20 Correct Answer Incorrect Answer
    D AS 14 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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