Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
22nd Edition
ISBN: 9781259542169
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 9, Problem 3DQ
To determine

Materiality:

It is a frequently used concept in accounting; it is basically related with the significance of an amount or transaction. This concept gives the freedom to make changes is another accounting principle if the amount is so small that the financial statement reader will not be misled.

To determine: The accounting constraint of materiality.

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