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According to the Conceptual Framework information that is free from material error and bias has greater: Select one: O a. Rel
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Answer #1

Correct answer is d i.e faithful representation

Conceptual framework information free from material error or biasness has more reliability thus, ensuring faithful representation of the framework of accounting.

Financial statements are always at a high risk of less faithfully represented thus, a proper code of conduct is laid down by the board of accounting standards to ensure error free and biasness free preparation of financial statements.

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