Question

M/s Future Ltd has invested 10,000 in the
shares of Reliance Industries Limited. Current
market value of these shares is 10,500.
Accountant of Future Limited wants to show
10,500 as value of investment in the books
of accounts, which accounting convention
restricts him from doing so?
O Full disclosure
O Consistency
O
Conservatism
O
Materiality​

Answer 1

Answer:

Full disclosure concept