Cima C02 Exam Question No 35

Question No 35:

Which one of the following statements most closely expresses the meaning of “true and fair presentation”?

A. There is only one true and fair presentation of a company’s financial statements.
B. True and fair presentation is determined by compliance with accounting standards.
C. True and fair presentation is determined by compliance with company law.
D. True and fair presentation is largely determined by reference to generally accepted accounting practice.

Answer: A