Including All Relevant Data a Reader Needs to Understand the Financial

question 91

Multiple Choice

Including all relevant data a reader needs to understand the financial condition and performance of a business refers to which concept?

• A)Adequate disclosure concept
• B)Going concern concept
• C)Objectivity concept
• D)Business entity concept

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Definitions:

Microsoft Access

A database management system from Microsoft that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools.

Records

Documents or files that preserve information or data for future reference, legal compliance, or historical purposes.

Attributes

Characteristics or properties of an object, element, or file that define its state, appearance, or value.

Unstructured Data

Data that do not reside in a traditional relational database.