Which assumption or principle requires that all information significant enough to affect a decision of reasonably informed users should be reported in the financial statements?
A) Matching.
B) Going concern.
C) Historical cost.
D) Full disclosure.

Question

Quizplus · Accepted Answer

The principle of full disclosure requires that all information significant enough to affect a decision of reasonably informed users should be reported in the financial statements. This ensures transparency and reliability in financial reporting.

Which Assumption or Principle Requires That All Information Significant Enough