Multiple Choice
Identify the accounting concept or principle that relates to the statement in each of the following questions:
-If a particular item is,by reason of its nature or its size,significant to a proper understanding of the situation,it should be separately stated.
A) relevance
B) reliability
C) materiality
D) prudence.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The agency charged with the administration and
Q5: A policy of caution when estimating uncertain
Q7: Which of the following is NOT true
Q7: Systemic effects on the share prices of
Q8: The letters GAAP stand for:<br>A) government approved
Q11: Identify the accounting concept or principle that
Q13: Which of the following statements is NOT
Q14: Which of the following is/are included in
Q17: The external auditor renders an adverse opinion
Q22: Which of the following is NOT a