RELIABILITY CONCEPT Definition

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RELIABILITY CONCEPT is a quality of information that assures decision makers that the information represented in the financial records and financial statements captures the actual conditions and events of the reported entity.

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STATED CAPITAL is the declared total amount of money or other resources owned or used to acquire future income or benefits.

OPERATING REVENUE is that revenue realized from the day-to-day operations of the entity, e.g., sales revenue.

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