Answer Happy

Taliya Company, a small cofee shop lost OMR 50 of supplies while Gamila Company, a large cofee shop lost the same amount of supplies. This loss of OMR 50 may be relevant to Taliya but irrelevant to Gamila, also both companies ensures that income is recorded when it is earned regardless of which day there is a cash inflow, under which concepts in the conceptual framework in accounting is described here? a. Accrual and Relevance ob. Understandability and Accrual O c. Materiality and Accrual O d. None of these Question 18