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Question
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.
Options
Matching principle
Principle of full disclosure
Dual aspect principle
Realisation concept
Solution
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.
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