Question
The practice of appending notes regarding contingent
liability in accounting statements is pursuant to:Solution
The Convention of full disclosure ensures that all material information, including contingent liabilities, is disclosed in the financial statements. This helps users understand potential risks and uncertainties related to the company's financial position.
More ESIC Part B Questions
72, 82, 62, 102, 22, ?
Find the missing number in the given number series.
2, 5, 11, 23, 47, ?13, 14, 23, 48, 97, 178, ?
58, 63, 78, ?, 138, 183
3, 10, 29, 66, ?
18 ? 20 13 22 11
188 178 158 ? 88 38
362 452 550 656 770 892 ?
...- What will come in place of the question mark (?) in the following series?
20, 32, 50, 74, 104, ? 2 3 5 9 ? 33
...
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