For an Outflow to Be Recognised as an Expense It

question 2

True/False

For an outflow to be recognised as an expense it must be probable that the outflow of future economic benefits has occurred or the expense must be able to be measured with reliability.

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Definitions:

RNA

Ribonucleic acid, a nucleic acid present in all living cells, plays a role in transmitting genetic information and protein synthesis.

Single-Stranded

Refers to the structure of nucleic acids, such as DNA or RNA, consisting of a single linear chain of nucleotides.

Thymine

One of the four nucleotide bases in DNA, pairing with adenine.

Enzyme

Biological molecules that significantly speed up the rate of virtually all of the chemical reactions within cells.