Question
A company chooses not to record a small calculator worth
₹500 as a fixed asset. Which concept is being applied?Solution
Materiality concept allows insignificant items to be written off instead of capitalizing.
More Accounts Questions
Find the word with the appropriate similar meaning of the word in Italic from the options given:
His lucid explanation helped everyone unders...
Choose the word opposite in meaning to the given word.
Concise
Burrow
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Hostile DELINEATE
In each of the following sentences, choose the word similar in meaning to the bold word to fill in the blank.
The exquisite craftsmanship of t...
Select the correct Antonym of the given word.
salient
Select the INCORRECTLY spelt word.
The former president remains a potent force in national politics.
Come, take a ________.
