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it is that which is of significance
Materiality is concerned with which data should be disclosed in financial reports. All transactions regardless of size should be recorded.
Is concerned with which data should be disclosed in financial reports. All transactions regardless of size should be recorded
Materiality knowing which terms to use Breach make it known
Materiality Is concerned with which data should be disclosed in financial reports. All transactions regardless of size should be recorded. The owner does not bother to record minor withdrawals of stock from the business.
Accounting -> Accounting Principles: Materiality Materiality Is concerned with which data should be disclosed in financial reports. All transactions regardless of size should be recorded. Breach: The owner does not bother to record minor withdrawals of stock from the business.
All the transactions have to be recorded either they are large or small.
Financial data should be disclosed in the financial statement which has to be submitted to all the stakeholders.
I think it's important to even record the smallest withdrawal, becuase of auditing purposes., every penny must be accounted for.
Are minor transactions excluded in Accounting reports?