Which of the Following Is Not an Element of the Financial

question 67

Multiple Choice

Which of the following is not an element of the financial accounting system?

• A)Rules for determining what,when and the amount that should be recorded
• B)A framework for preparing financial statements
• C)A set of rules for the stock exchange
• D)Controls to determine whether errors occur during recording

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Definitions:

Written Message

A form of communication expressed through written symbols, either printed or electronic.

Face-To-Face Communication

Direct interaction between individuals, featuring immediate verbal and non-verbal exchanges, often seen as more personal and effective.

Preferred Method

A favored or chosen technique or approach for achieving a specific outcome or handling a situation.

Follow-Up Letters

Written communications sent after interviews or meetings to express gratitude, reinforce interest, and provide or request further information.