Question

which among the following removes reliability from financial statements.


a. free from errors.
b. complete.
c. free from Bias.
d. flexible.​

Answer 1

Answer:

According to the IASB Framework, the main purpose of financial reporting is to: Enable investors to ... Relevance overrides reliability ... Among enterprises belonging to different industries

Answer 2

The following removes reliability from financial statements. d . Flexible

Word “flexibility” technically method the capacity to bend with out breaking.

However, human beings regularly use it to explain the capacity to modify to adjustments for your existence with out developing pressure or drama.

Being bendy in existence method that you could extrade your plans and adapt to new conditions easily.

• The reliability precept goals to make certain that each one transactions, events, and enterprise sports offered withinside the monetary statements is dependable.
• Information is taken into consideration dependable if it is able to be checked, verified, and reviewed with goal evidence.

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