Which One of the Following Accounting Constraints Supports the Concept

question 90

Multiple Choice

Which one of the following accounting constraints supports the concept of audit sampling?

• A)Conservatism.
• B)Materiality.
• C)Cost-benefit.
• D)Industry practice.

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Definitions:

Judges

Officials appointed or elected to decide cases in a court of law.

Inductive Reasoning

A method of reasoning in which the premises are viewed as supplying some evidence, but not full assurance, of the truth of the conclusion.

Precedents

Earlier events, decisions, or legal cases that serve as examples or guides for how similar future instances should be handled or judged.

Judicial Branch

The part of government responsible for interpreting the law, resolving disputes, and administering justice.