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 UID76976 帖子471 主题467 注册时间2008-5-13 
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 每日一练F3 答案回复可见
| Which of the following statements about accounting concepts are correct?
 
 (1)   The money measurement concept is that only items capable of being measured in monetary terms can be
 recognised in financial statements.
 (2)    The prudence concept means that understating of assets and overstating of liabilities is desirable in preparing
 financial statements.
 (3)    The historical cost concept is that assets are initially recognised at their transaction cost.
 (4)    The substance over form convention is that, whenever legally possible, the economic substance of a transaction
 should be reflected in financial statements rather than simply its legal form.
 A       (1), (2) and (3)
 B       (1), (2) and (4)
 C       (1), (3) and (4)
 D       (2), (3) and (4)
 
 C
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