Accountıng I Deneme Sınavı Sorusu #1313849
Which principle holds the idea that companies should use the same accounting methods and procedures in each accounting period?
|
disclosure principle |
|
consistency principle |
|
materiality concept |
|
conservatisim |
|
faithfulness |
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 B.
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