Which of these is NOT an assumption on which positive accounting theory is based?
A. People are rational
B. People are wealth maximisers
C. People prefer to act altruistically
D. None of the above, i.e. they are all assumptions of positive accounting theory?
Answer:C
Which of these is NOT an assumption on which positive accounting theory is based?
A. People are rational B. People are wealth maximisers C. People prefer to act altruistically D. None of the above, i.e. they are all assumptions of positive accounting theory?