Question

М.В
लेखांकन प्रमापों की दो उपयोगिताओं का वर्णन कीजिए।
Describe two utilities of Accounting Standards.
अथवा/OR
पूर्ण प्रकटीकरण के सिद्धांत से क्या आशय है?
What is meant by 'Principles of Full Disclosure'?​

Answer 1

Answer:

utility of accounting standards: it improve the reliability and credibility of financial statements. it ensures the consistency an comparability of financial statements. it helps in resolving conflict of financial interests among various groups.

The Full Disclosure Principle states that all relevant and necessary information for the understanding of a company's financial statements must be included in public company filings. Knowing where to find this information is a critical first step in performing financial analysis and financial modeling.

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Answer 2

Answer:

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