Accounting · Accounting Concepts and Conventions
The creation of secret reserves is prohibited in financial accounting primarily under which accounting convention?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Convention of Materiality
- 2Convention of Conservatism
- 3Convention of Full Disclosure✓
- 4Convention of Consistency
Correct answer
Convention of Full Disclosure
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Accounting Concepts and Conventions MCQs →Want more practice questions on Accounting Concepts and Conventions?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Accounting Concepts and Conventions