What Documents Must Contain a Statement of Truth and What

question 1

Multiple Choice

What documents must contain a statement of truth and what is the purpose of a statement of truth?

• A) Any document that is a 'statement of case'. To ensure that parties tell the truth.
• B) Any document that is a 'statement of case' or a witness statement. To ensure that unsupported claims are not made.
• C) Any document that is a 'statement of case', a witness statement, an acknowledgement of service, a response to a CPR 18 request, or a certificate of service. To ensure that parties have an honest belief in their claims and to discourage unsupported claims being made.
• D) Any document that is a 'statement of case', a witness statement, or response to a CPR 18 request. To ensure that parties have an honest belief in their claims and to discourage unsupported claims being made.

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Definitions:

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owner's claim on the business resources.

Net Income

The conclusive financial gain of a company upon subtracting every expense and tax from its total sales revenue.

Owner Drawings

Withdrawals of cash or other assets from a company by the owner for personal use.

Revenue

The total income generated by a business from its normal business operations.