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24 January, 22:12

Recognition"" refers to the idea of conveying the details of a transaction in a narrative note without including anything in the actual financial statements. True or false?

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  1. 24 January, 22:32
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    FALSE

    Explanation:

    Recognition relies on the idea of communicating in a descriptive document the specifics of a sale, while including anything else in the current financial statements.

    An act of acknowledgment or a Condition of acknowledgment. Identifying something as previously observed, seen, understood, etc., perceiving something as actual or true; knowing it. Acceptance of something as being legitimate or entitled to evaluation: the acceptance of an argument.

    therefore the answer for the following statement is FALSE.
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