Small items like, pencils, pens, files etc. are written off within a year according to ______ concept.
چھوٹی اشیاء جیسے پنسل، قلم، فائل وغیرہ ایک سال کے اندر ______ تصور کے مطابق لکھی جاتی ہیں۔
- Conservatism
- Realization
- Materiality
- Consistency
Explanation
Small items like pencils and pens are written off within a year according to the materiality concept.
This concept allows minor expenses to be immediately recorded rather than capitalized, as their impact on financial statements is negligible.
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