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Question
As per AS-1 significant accounting policies may not be ________.
As per AS-1 significant accounting policies may not be ________.
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Solution
The correct option is B Omitted from financial disclosure
Financial statement must be prepared with a true and fair view. All the relevant information which is of the interest of the owner, investors, creditors should be fully disclosed. All the significant policies should also be disclosed.
Financial statement must be prepared with a true and fair view. All the relevant information which is of the interest of the owner, investors, creditors should be fully disclosed. All the significant policies should also be disclosed.
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