ACCA每日考场 60期答案解析公布

Which of the following explanations of the prudence concept most closely follows that in the IASB's Framework for the Preparation and Presentation of Financial Statements?


A. All legislation and accounting standards have been complied with
B. The application of a degree of caution in exercising judgement under conditions of uncertainty
C. Revenue and profits are not recognised until realised, and provision is made for all known liabilities
D. Revenues should be understated and costs overstated to ensure profits recognised are not too high

正确答案：B


答案解析：


The correct answer is:
The application of a degree of caution in exercising judgement under conditions of uncertainty