Examlex

Solved

Accounting Is a ______________________ That Identifies,records,and Communicates Relevant,reliable,and Comparable Information

question 74

Essay

Accounting is a ______________________ that identifies,records,and communicates relevant,reliable,and comparable information about an organization's economic activities.


Definitions:

Volenti No Fit Injuria

A legal principle that means no injury is done to a person who willingly consents to or understands the risk of harm or injury in their actions.

Contributorily Negligent

A legal doctrine where a plaintiff's own negligence partially contributes to the harm they suffered.

Occupiers' Liability Act

Legislation that defines the duty of care owed by those who control land or buildings towards individuals who enter or use their premises, to ensure safety and prevent harm.

Rule in Rylands v. Fletcher

A legal principle establishing liability for harm caused by the escape of something likely to do mischief from one's land.

Related Questions