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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
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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.
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संबंधित प्रश्न
What does GAAP stand for in Accounting?
Explain the Business Entity Concept.
GAAP stands for ______.
With reference to the concept of accounting only those transactions are recorded in accounts which can be expressed in terms of money. Justify either for or against.
Explain 'Matching Concept' of GAAP.
Discuss in brief the basic principles of accounting.
Explain the money measurement principle of accounting.
Explain matching principle of accounting.
Explain the complete disclosure principle.
Name any four concepts of GAAP.
