the factors to be considered while selecting accounting policies include -------
a) morale of staff
b) liquidity
c)materiality
d) inflation
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Answer:
Answer is materiality
Explanation:
Because accounting policies are marketing
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The factors that should be considered while selecting accounting policies includes Materiality.
Materiality concept in bookkeeping alludes to the idea that every one of the material things ought to be accounted for appropriately in the fiscal reports. Material things are considered as those things whose consideration or prohibition brings about critical changes in the decision-production for the clients of business data. This concept additionally considers the arrangement of disregarding other bookkeeping standards in the event that doing as such doesn't affect the budget reports of the business concerned.
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