What is the concept of materiality? - Practice (English) | ObjectiveMcq

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What is the concept of materiality? - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementAccounting Standards (IFRS, GAAP)What is the concept of materiality?...

Accounting Standards (IFRS, GAAP)Business ManagementEasy

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What is the concept of materiality?

Correct Answer:

(A) Only information that is significant to the financial statements needs to be disclosed

Explanation:

Only information that is significant to the financial statements needs to be disclosed

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