Disclosure of significant accounting policies results from application of the:
A)full disclosure principle.
B)matching principle.
C)consistency principle.
D)reliability principle.

Question

Quizplus · Accepted Answer

The full disclosure principle requires that all material information related to the financial statements be disclosed, which includes significant accounting policies to ensure users of financial statements have a complete understanding of how the statements were prepared.

Disclosure of Significant Accounting Policies Results from Application of The