Question

In accounting all facts are recorded whether they are important or not

Answer 1

Explanation:

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Answer 2

Yes the statement is true that in accounting all the facts are recorded whether they are important or not

Explanation:

Yes the statement mentioned above is  true -in accounting all facts are recorded whether they are important or not. It is true because of the following reasons : -

• Recording all the smallest  detail helps the accountant to track down the details about the financial expenses of any company
• Also the concept of Materiality states that all the material facts should be recorded

In Accounting we not only record financial transactions but also analyse the information in documents called the financial statements.

For further reference :-

https://brainly.in/question/15833532