Chapter 1, Problem 51P

B60. RA 9298 is officially known as A. The Revised Accountancy Act.B. The Revised Accountancy Law.C. The Philippine Accountancy Act of 2004.D. The Accountancy Law of the Philippines, 2007

I. In case of conflict between revenue regulation and the provisions of NIRC, the former shall prevail. II. NIRC is a special law, thus in case of conflict with civil code, then the latter shall prevail.       o Both are true o Both are false o Only I is true o Only II is true