Question

According to AS1, disclosure should from part of the

Answer 1

The disclosure should form part of the financial statements, normally in one place. Any change in the accounting policies which has a material effect in the current period or is expected to have a material effect in later periods should be disclosed.

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Answer 2

Answer:

The financial statements

According to As1 ,disclosure should form part of the financial statements.

Explanation:

AS 1 refers to the disclosure of accounting policies. It states that an enterprise needs to disclose significant accounting policies followed by it to prepare and present its financial statements.