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Depreciation

What is meant...

Question

What is meant by 'window dressing' in accounting?

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Solution

The term 'window dressing' means manipulation of accounts so as to present the financial statements in a way to show better position than the actual. e.g., assets may be overstated and liabilities may be understated.

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Similar questions

Q. A company may resort to "window dressing" by manipulating the data such as:
I. Inventory valuation
II. Omission of liability for goods purchased
III. Treating a short-term liability long-term debt
IV. Recording in advance cash receipts applicable to next accounting period.

Q. Window dressing is prohibited due to ____________.

Q. Window dressing is prohibited due to________.

Q. Window dressing is prohibited due to____________________.

What is meant by Accounting Standards? Discuss their nature.

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