Footnotes are used with what concept or principle of accounting?
A)Conservatism
B)Consistency
C)Materiality
D)Full disclosure

Question

Quizplus · Accepted Answer

Footnotes are used to provide additional information that is important for users of the financial statements to fully understand the nature of the financial statement items. This supports the principle of full disclosure, which requires that all relevant information be provided to users of financial statements.

Footnotes Are Used with What Concept or Principle of Accounting