Question: Question 1 State whether the following statement is true or false. Accounting relies on inexact or approximate measures because many accounts in financial statements are

Question 1
State whether the following statement is true or false. "Accounting relies on inexact or approximate
measures because many accounts in financial statements are dependent on judgment about future
events and on an assessment of management intent."
True
Fatse
Question 1 State whether the following statement is true or false.

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