Multiple Choice Questions
1.Which of the following statements is correct in relation to the purpose of theory?
2.Accounting theory can be described as:
3.Which of the following statements is correct?
4.Is it possible to have different theories on the same topic?
5.An example of how theory can predict accounting practice is:
6.An example of how theory can help to identify problems and deficiencies with current accounting practice and improve accounting practice is:
7.How can theories be of benefit in accounting?
8.Which of the following is an example of a positive theory?
9.Deduction can best be described as:
10.Which of the following statements is incorrect, in relation to the scientific method?
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