Accountancy, asked by harjyotis77, 9 months ago

Explain with illustration the accounting principle substance over legal form and principle of full disclosure of Accounting.

Answers

Answered by ritik77777

Explanation:

Substance Over Legal Form

Substance over form is an accounting concept which means that the economic substance of transactions and events must be recorded in the financial statements rather than just their legal form in order to present a true and fair view of the affairs of the entity.

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