Accounting · Accounting Principles and Conventions
Disclosing 'Contingent Liabilities' as notes to the Balance Sheet is required under which Accounting Convention?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Convention of Consistency
- 2Convention of Full Disclosure✓
- 3Convention of Materiality
- 4Convention of Conservatism
Correct answer
Convention of Full Disclosure
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