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Accounting Principles: Disclosure

  • Note di Apprendimento
  • Revisione degli argomenti
    BabaJide Martins F.
    TR
    BabaJide Martins F.

    Disclosure The owner is obligated to disclose any transactions of a significant financial nature in their reports. The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business.

    Hermina S.
    LC
    Hermina S.

    Then the financial statement would not be an accurate one.

    Morne V.
    ZA
    Morne V.

    The owner is obligated to disclose any transactions of a significant financial nature in their reports.

    Sunday O.
    NG
    Sunday O.

    Disclosure is ending the account while Breach is not include the financial of recent year

    Thomas Haingura M.
    NA
    Thomas Haingura M.

    The owner is obligated to disclose any transactions of a significant financial nature in their reports. The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business

    Thomas Haingura M.
    NA
    Thomas Haingura M.

    The owner is obligated to disclose any transactions of a significant financial nature in their reports. The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business

    Thomas Haingura M.
    NA
    Thomas Haingura M.

    Disclosure The owner is obligated to disclose any transactions of a significant financial nature in their reports. The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business

    Odongo M.
    UG
    Odongo M.

    Accounting -> Accounting Principles: Disclosure Disclosure The owner is obligated to disclose any transactions of a significant financial nature in their reports. Breach: The owner determines not to include the recent sale of property in the financial reports as this may deter potential buyers of the business.

    Ebenezer Teye N.
    GH
    Ebenezer Teye N.

    In fact, Disclosure is one of the crucial principles in accounting. As Auditors rely on this for auditing. Asset = Liability + Capital. so if a firm fails to disclose any property/ asset and auditor will surely know using the equation above.

    Manish K.
    NP
    Manish K.

    Financial reports should be transparent so that actual financial position can be found out. However, owners might hide selling of property to the new potential buyers.

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