“Transactions are governed by legal principles, but are nevertheless accounted for and presented in accordance…

“Transactions are governed by legal principles, but are nevertheless accounted for and presented in accordance with the substance and financial reality”. This is in compliance with the principle of
  • A.
    substance over form
  • B.
    prudence
  • C.
    objectively
  • D.
    materiality
Correct Answer: Option D
Explanation
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