accounts must be honestly prepared and they must disclose all material information is known as______ (a) entity concepts (b) dual aspect concept (c) disclosure concept (d) cost concept
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Explanation: Answer: Disclosure Concept
REASON: According to this concept all accounting statements must be honestly prepared and all significant information must be disclosed therein i.e, while making an accountancy records, care should be taken to disclose all all material information.
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Answer:
c) Disclosure concept
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