Information about an item is if its omission or misstatement might influence the financial decision ...........

Quantitative Aptitude (Pb Patwari) Accountancy

Information about an item is ______ if its omission or misstatement might influence the financial decision of the users taken on the basis of that information

Concrete

Complete

Immaterial

Material

Explanation:

Materiality is a concept in financial accounting and reporting that firms may disregard trivial matters, but they must disclose everything that is important to the report audience. Items that are important enough to matter are material items.