Accountıng I Deneme Sınavı Sorusu #1313826
Which inventory-related accounting principle states that a company must perform strictly proper accounting only for significant items?
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Consistency principle |
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Disclosure principle |
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Conservatism |
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Materiality principle |
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Specific identification method |
Yanıt Açıklaması:
The materiality concept states that a company must perform strictly proper accounting only for significant items.2 Information is significant (material in accounting terms) when it would cause someone to change a decision. The most important point about this concept is to understand what is significant or material. The correct answer is D.
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