Most random or trivial expenses are recorded in the miscellaneous expense account. At the end...
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Accounting
Most random or trivial expenses are recorded in the miscellaneous expense account. At the end of the year the miscellaneous expense account has a total of RM1,400 and the total revenue of the company has a total of RM400,000. There is no need to reclassify the expenses in it. This is in line with the ______________ concept. *
a.accrual
b.comparability
c.materiality
d.neutrality
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