Which of the Following Is True in Relation to Expenses,according

question 23

Multiple Choice

Which of the following is true in relation to expenses,according to the IASB Conceptual Framework?

• A) Expenses are restricted to transactions and events relating to 'ongoing major or central operations'.
• B) There is no reference to matching of revenue and expenses in the Conceptual Framework.
• C) Expenses would not include losses that were not under the control of the entity, such as uninsured losses of assets from flood.
• D) None of the given options are correct.