Abhishek PanegalAbhishek Panegal asked 2 months ago

Dear Sir,
In this question can we also mention that if the expense incurred is not having a material and a pervasive impact on F.S it should not be reported and be ignored ? Kindly clarify.

1 Answers
RaviRavi Staff answered 2 months ago

we can think about materiality if in aggregate amount is in hundreds or there some hint that given amount is too small as compared to total amount
so in this case i will say no need to think and comment about materiality

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