Accounting · Accounting Principles
Which accounting convention proposes that while accounting for various transactions, only those which may have a significant effect on the profitability or financial status of the business should receive special consideration for reporting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Consistency
- 2Historical cost
- 3Conservatism
- 4Materiality✓
Correct answer
Materiality
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