concept involves assigning significance to transactions in accounting.

Materiality

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Matching

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Consistency

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Conservatism

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Solution

The correct option is A Materiality
Materiality concept involves assigning significance to transactions in accounting. The materiality concept refers to a situation where the financial information of a company is considered to be material from the point of view of the preparation of the financial statements if it has the potential to alter the view or opinion of a reasonable person.

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According to accrual concept of accounting, financial or business transaction is recorded:

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