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1.
Concept Introduction:As per materiality principle, company should records or shows only those information or data in books of accounts which are material for the business and for the purpose of accounting. All unnecessary information must not be recorded in books of accounts.
To explain: Whether the information gathered by employee is useful.
2.
Concept Introduction:As per materiality principle company should records or shows only those information or data in books of accounts which are material for the business and for the purpose of accounting. All unnecessary information must not be recorded in books of accounts.
To Explain: Whether the information gathered by employee is useful for hardware or real-estate company.
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Chapter 2 Solutions
Financial Accounting: The Impact on Decision Makers
- Financial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage LearningAccounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,Survey of Accounting (Accounting I)AccountingISBN:9781305961883Author:Carl WarrenPublisher:Cengage Learning
- Cornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage LearningCollege Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College Pub
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