A. dual aspect concept
B. realization concept
C. materiality concept
D. business entity concept

Correct Answer:

Option C – materiality concept

Explanation

Materiality is a principle which states that only items of material value are recorded. For example, the cost of a stapler should not be capitalized but expensed.

SEE ALSO  Which of the following does not lead to depreciation assets?

Copyright warnings! Do not copy.