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what is accounting disclosure

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what is accounting disclosure..

Answer / emil john

an additioanal information attached to the financial statements and explnation for the entry

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what is accounting disclosure..

Answer / babhu kanchupalli

As we know that an entity can prepare accounts based on the "Accounting principles (Concepts) and Conventions"

Full Disclosure is one of the conventions of Accounting procedure.....
According to this convention accounts of an entity must be free from the secrecy....always an entity must be willing to publish or provide information related to the accounts to any person....it may be a share holder, Govt or any person who ever is interested to know about the financial position of the particular entity....It includes Notes to the Financial statements also......

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