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BSNS115 Mid Term

bsns115-mid-term

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Qualitative characteristics of financial reports are?

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Triple bottom line?

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Form of income statement for small entities?

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Form of income statement for larger entities?

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Form of income statement for companies?

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Realisation occurred when...

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Elements of the accounting process

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Transposition error

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Incorrect entry

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Single entry error

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Limitations of financial reports

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Faithful representation

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Verifiability

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Enchancing qualitative characteristics of financial reports

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