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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
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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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