Which of the following documents contained a definition of accounting that fortified the perception of the accountant as a learned professional whose presentation must be accepted by those who do not have his qualifications and credentials?
a. “Statement of Accounting Theory and Theory Acceptance” (SATTA)
b. “A Statement of Basic Accounting Theory” (ASOBAT)
c. “Basic Concepts and Accounting Principles Underlying Financial Statements of Business Enterprises” (APB Statement 4)
d. “Accounting Terminology Bulletin No. 1”
ANSWER: D
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