Which of the Following Is Not a Principle of Professional

question 69

Multiple Choice

Which of the following is not a Principle of Professional Conduct as defined by the Code of Professional Conduct?

• A)Integrity.
• B)Due care.
• C)Reporting.
• D)Scope and nature of services.

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Definitions:

Cash Collected

The total amount of money received by a company during a specific period.

Expense Recognition Principle

An accounting principle that expenses should be recognized and recorded when they are incurred, not necessarily when they are paid.

Expenses Recorded

The process of documenting and recognizing incurred expenses in the financial records during a specific accounting period.