Materiality Principle is an exception to the

Related MCQs

• Exception to consistency principle is
• The asset which is an exception from depreciation is
• The principle of subrogation is applicable to……………
• Only the significant events which affect the business must be recorded as per the principle of
• The underlying accounting principle(s) necessitating amortization of intangible asset(s) is/are
• Mr. Rohit, owner of Rohit Furniture Ltd., owns a personal residence that cost ` 6,00,000, but has a market value of ` 9,00,000. During preparation of the financial statement for the business, the entire value of property was ignored and was not shown in the financial statements. The principle that was followed was
• Which of the following errors is an error of principle?
• Which of the following error is an error of principle
• ——— Principle specifies that cost or expenses should be recorded at the same time as the revenue to which they correspond
• Name the principle involved in the classification of Assets as Fixed and Current