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explain the accounting constraint of materiality Here is an example: Themateriality constraintis a threshold used to determine whether business transactions are important to the financial
explain the accounting constraint of materiality
Here is an example:
Themateriality constraintis a threshold used to determine whether business transactions are important to the financial results of a business. If a transaction is material enough to excess theconstraintthreshold, then it is recorded in the financial records, and therefore appears in the financial statements.
with 3-4 sentences is fine :)
thank you so much!
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