According to the generally accepted accounting principles (GAAP) , the full disclosure principle of accounting is ___________.
A) the requirement that the financial statement should provide all information necessary for the understanding of the financial statement
B) the assumption that the accounting entity will maintain proper accounting records from the date of its establishment to the date of its liquidation
C) the requirement that events or information must be accounted for if they make a difference to the user of the financial information
D) the requirement that all accounting transactions should be justified as much as possible on objective evidence
Correct Answer:
Verified
Q2: The generally accepted accounting principle that supports
Q3: The generally accepted accounting principle that indicates
Q4: The generally accepted accounting principle that indicates
Q5: According to the generally accepted accounting principles,
Q6: The generally accepted accounting principle that indicates
Q7: The generally accepted accounting principle that indicates
Q8: The Green Hotel bought some kitchen equipment
Q9: Which option contains the four major business
Q10: Which one of the following activities DOES
Q11: Which of the following items WILL NOT
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