The concept of Disclosure is applicable to ..

All material and immaterial transactions

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Only material transactions

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Transactions reducing profit only

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None

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Solution

The correct option is C Only material transactions
Concept of Disclosure states that only those matter should be disclosed in the financial which may change the decision making of the users of the financial statement. Therefore, Only material transactions is to be disclosed as per this concept.

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The concept of Disclosure is applicable to ..

The correct option is C Only material transactionsConcept of Disclosure states that only those matter should be disclosed in the financial which may change the decision making of the users of the financial statement. Therefore, Only material transactions is to be disclosed as per this concept.

The correct option is C Only material transactions
Concept of Disclosure states that only those matter should be disclosed in the financial which may change the decision making of the users of the financial statement. Therefore, Only material transactions is to be disclosed as per this concept.