How does the concept of materiality affect the recording of an expenditure as a capital or revenue

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How does the concept of materiality affect the recording of an expenditure as a capital or revenue item?

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Accounting Introduction To Financial Accounting

ISBN: 9781517089719

1st Edition

Authors: Henry Dauderis, David Annand

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Question Posted: Apr 26, 2016 09:38 AM

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How does the concept of materiality affect the recording of an expenditure as a capital or revenue

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As a matter of expediency companies usually set a dollar limit to help determin...View the full answer

Accounting Introduction To Financial Accounting

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