due to which of the following concepts window dressing is prohibited: (A) full disclosure (b) consistency (c)money measurement (d) accounting period
Answers
Answer:
Correct option is B)
As per the convention of disclosure, accountant should show the correct information in the book of account. Same information should be disclosed by him. In window dressing, accountant or businessman changes the information in accounting records for getting benefits from outside parties. So, as per convention of disclosure, it should be prohibited.
Answer:
As per the convention of disclosure, accountant should show the correct information in the book of account. Same information should be disclosed by him.
Explanation:
In window dressing, accountant or businessman changes the information in accounting records for getting benefits from outside parties. So, as per convention of disclosure, it should be prohibited.
The term 'window dressing' means manipulation of accounts so as to present the financial statements in a way to show better position than the actual. e.g., assets may be overstated and liabilities may be understated.
Window dressing is a short-term strategy used by companies and funds to make their financial reports and portfolios look more appealing to clients, consumers, and investors. The goal is to attract more people and more money, hopefully boosting the next reporting period's bottom line.
To learn more about convention of disclosure visit
https://brainly.in/question/21742743
https://brainly.in/question/44313798
#SPJ6