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Whats accounting principles that abc sdn bhd did not follow

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Reference no: EM132940045

As at 31 December 2020, ABC Sdn Bhd total sales for the year are RM300 million. Alex, the CEO of ABC Sdn Bhd, instructed the Company accountant to declare / record the Company sales at RM250 million only. The undeclared sales of RM50 million will be recorded next year. However, the accountant accidentally record the expenses associated with the undeclared sales.

Problem 1: What are two (2) Accounting Principles that ABC Sdn Bhd did not follow?

Reference no: EM132940045

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