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Commerce · Q2868

Accounting

Graduate and Post Graduate · Commerce · question 2868

Q2868

Contingent liability appears as a footnote in the balance sheet. This is in accordance with the accounting principle of . . . . . . . .

A.
Consistency
B.
Disclosure
Answer
C.
Materiality
D.
Conservatism

Answer: Option B

Solution

Answer: Option B
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