Only the significant events which affect the business must be recorded as per the principle of
A)Separate Entity
B)Accrual
C)Materiality
D)Going Concern

Question

Quizplus · Accepted Answer

The principle of materiality states that all significant events which affect the business must be recorded. This principle helps in determining the importance of various transactions and events to make informed decisions.

Only the Significant Events Which Affect the Business Must Be