Accounts AIL 2
Testo Storyboard
- Morning Paxton! Have you studied anything now?
- Morning Ben! Yes I studied all night but I am still a bit nervous.
- Wow! That's great. Can I ask you some questions ?
- Yeah sure!
- Okay great! so tell me what is Full disclosure principle?
- The Full Disclosure Principle states that all relevant and necessary information for the understanding of a company's financial statements must be included in public company filings.
- Accounts Test Q1 List 1 advantage of full disclosure principle. Q2 List 1 disadvantage of full disclosure principle
- Ans1- It helps in saving the investors from getting misled by the companies
- Ans2-There are chances that the competitors will use the information disclosed by the company against them
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