Materiality Concept or Materiality states that all material facts must be a part of the accounting process. But immaterial facts, i.e. insignificant information should be left out. The materiality of a transaction will depend on its nature, value and its significance to the external user. If the information can affect a person’s investing decision then it is definitely a material fact.
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CBSE Sample Paper {TERM – I}CBSE Sample Paper {TERM – I}
Modal Paper that are based on CBSE Sample Paper {Term - I} i.e. 2021 - 22 with solutions. Practice these paper and ask your doubts from our experts. 💯