Accountancy, asked by pankaj9330, 2 months ago

. Which concept states that a matter is material if
its misstatement would reasonably influence the
decision of a user of accounts?​

Answers

Answered by persiashree
2

Materiality is the term used to describe the significance of financial statement information to decision makers. An item of information, or an aggregate of items, is material if it is probable that its omission or misstatement would influence or change a decision.

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