Materiality concept
This query is : Resolved
14 March 2013
Sir, when should i show an item as a seperate ledger in our books of accounts?
16 March 2013
When you think it is IMPORTANT to show it.
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( It does not mean that the amount should be big always ).
.
Example : Insurance of an asset might not be so big in amount; but important in respect of its security.
.
( It does not mean that the amount should be big always ).
.
Example : Insurance of an asset might not be so big in amount; but important in respect of its security.
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