Advertisements
Advertisements
प्रश्न
According to this principle, accounts should be prepared in such a way that all the material information required by users of financial statements is clearly disclosed.
विकल्प
Matching principle
Principle of full disclosure
Dual aspect principle
Realisation concept
उत्तर
Principle of full disclosure
Explanation:
The principle of full disclosure requires that all material information that could influence the decision-making of financial statement users be fully and clearly disclosed. This ensures transparency and allows stakeholders to make informed decisions based on complete and accurate information.
APPEARS IN
संबंधित प्रश्न
Explain the Money Measurement Concept.
Define the term GAAP.
GAAP stands for ______.
______ is the language of business.
According to this concept, a business firm is treated as a unit separate and distinct from its owners.
It is due to this concept that financial statements are prepared at regular intervals, generally one year.
What is meant by going concern concept of Accounting.
"Fixed assets should be valued at the market price." Comment.
Explain the expense principle.
Name any four concepts of GAAP.
