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

Accountancy (Phase -I & II) Company Final Accounts

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

Concrete

Complete

Immaterial

Material

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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.