The purpose of full disclosure principle is to report all:
A) timely information.
B) reliable information.
C) relevant information.
D) comparable information.

Question

Quizplus · Accepted Answer

The full disclosure principle requires that all circumstances and events that could make a difference to the decisions that financial statement users might make (i.e. relevant) should be disclosed in the financial statements.

The Purpose of Full Disclosure Principle Is to Report All