Accounting for IGCSE & O level - Accounting Procedures (Section 10 - No. 34)
If a business's financial statements show a true and fair view, and that is a core principle. What is the implication?
It is a legal requirement.
Errors are not allowed.
All accounting treatments are correct.
The financial information must be accurate and reliable.
Explanation
A true and fair view suggests the information is accurate and reliable.
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