Which of the following is an exception of 'Full Disclosure' principle?

Materiality

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Conservatism

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Disclosure

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All of these

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Solution

The correct option is A Materiality
Materiality principle is exception of Full Disclosure as Materially states that only those information should be stated that impacts the decision of the users of the financial statement and unnecessary information should not be disclosed whereas Full Disclosure states that all the information should be informed to the users of the financial statement.

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