explain the following accounting conversation of full disclosure?
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The full disclosure principle is a concept that requires a business to report all necessary information about their financial statements and other relevant information to any persons who are accustomed to reading this information.
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The full disclosure principle states that all information should be included in an entity's financial statements that would affect a reader's understanding of those statements. The interpretation of this principle is highly judgmental, since the amount of information that can be provided is potentially massive.
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