ALL ABOUT ACCOUNTING :- 11th BLOG
A *****ACCOUNTING***** Hi freinds 🙏., Today's discuss 6th accounting principles... So let's discuss... ★ FULL DISCLOSURE :- The full disclosure concept is an accounting principle that requires management to report all relevant information about the company's operations to creditors and investors in the financial statements and footnotes. * Importance of full disclosure in accounting :- An accounting policy disclosure helps to prevent loss. It also helps in preventing the misuse of assets. Potential investors can study open accounting policies to decide if they will invest in the business or not. * Purpose of full disclosure in accounting :- The purpose of disclosure is to make available evidence which either support or undermines the respective parties' cases. * Full disclosure requirement :- Rules that must be abided by in disclosure statements provided to clients or customers. These requirements may include the type of verbiage