What accounting constraint allows a company to ignore GAAP if an item is too small to impact
Question:
What accounting constraint allows a company to ignore GAAP if an item is too small to impact a decision?
(a) Comparability. (@ECose
(b) Materiality.
(d) Consistency.
(a) No entry is required.
(b) Salaries and Wages Expense | 400 |
Salaries and Wages Payable 400
(c) Salaries and Wages Expense | 400 |
Cash 400
(d) Salaries and Wages Payable | 400 |
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Related Book For
Financial Accounting
ISBN: 9780470929384
8th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather
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