Question: a) The elements of financial statements are the basic categories used in the financial statements and include: rent expense, liabilities, cash sales, discounts b) Which

a) The elements of financial statements are the basic categories used in the financial statements and include: rent expense, liabilities, cash sales, discounts

b) Which is not necessary to ensure that faithful representation is achieved?

Accounting information is reported on a cash basis. Accounting information is free from material error. Accounting information is complete. Accounting information is neutral.

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