What Do You Mean By Material Facts In Accounting
its means that any amount that consider to be material with effect to the balance sheet footing and to be disclosed at the ending noted of financial statements.
those items or events which are sufficient enough to influence the descisions of reader or user of financial statements
Material facts in accounting means those facts that involves material amount and which may affect the financial satements to a great extend and hence needed to be disclosed in the companies financial statement.
In accounting, material facts means all important facts which are needed to be disclosed.
Material facts are documents pertaining to the historical events of the facts being justified
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