Question

What are latest modifying principle​

Answer 1

Answer:

(i) Conservatism: Done. (ii) Materiality: As per this principle, financial statements should disclose all material information, which will evaluations or decisions. (v) Timeliness: It means that information about operations of the business should be available to interested parties in time. ...

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Answer 2

(i) Conservatism: Done.

(ii) Materiality: As per this principle, financial statements should disclose all material information, which will evaluations or decisions.

(iii) Timeliness: It means that information about operations of the business should be available to interested parties in time.