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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.
पर्याय
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
Explain the Money Measurement Concept.
Explain the need for GAAP for accounting.
According to this principle, cost of a particular period should be charged from the revenue of same period only.
According to Business Entity Concept:
Name the basic principles of accounting.
"Fixed assets should be valued at the market price." Comment.
Explain the money measurement principle of accounting.
Explain any two basic concepts of accounting.
Explain the complete disclosure principle.
Explain the revenue principle.
