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material facts are documents pertaining to the historical events of the facts being justified

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Material facts in Accounting?

Material facts in accounting depends of the components of accounting whereby the books are either audited or prepared. They include things like bills, vouchers and other relevant documents. Material facts are documents pertaining to the historical events of the facts being justified. Material facts in accounting means those facts that involves material amount and which may affect the financial statements to a great extend and hence needed to be disclosed in the companies financial statement. For more info visit linguee.in


What does the accounting term MPV mean?

Material Pricing Variance


What is recorded facts which effects nature of financial statements?

in accounting all facts are not recorded only those facts or transactions are recorded which can be represented in terms of money and which can not be recorded fall beyond the scope of accounting thus in accounting the recorded facts are those which can be presented in monetary terms.


What are the objectives of material control in cost accounting?

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What does it mean to manage the accounting system?

To manage an accounting system. The system that manages the accounting. Accounting is: The action or process of keeping financial accounts


What does contribution mean in management accounting?

are


What you mean by corporate accounting?

in corporate accounting we maintain the accounts of joint stock companies


What is the major difference between finance and accounting?

The major difference between finance and accounting is that, accounting is general, deals with all economic facts that occur throughout the financial year, financial is specific deals only with finances


What is the importance of mathematics in accounting?

Accounting use mathematics in order to interpret facts and figure. This requires some basic and intermediate knowledge of mathematic concept and theories.


What does the abbreviation cr mean in accounting?

CRedit


What does BA mean after a name?

Bachlers in accounting.


What does false accounting mean?

untruthful records