As per AS 1 disclosure should form part of :a)The Final Accountsb)The Auditorandrsquo;s Reportc)The Directorandrsquo;s Reportd)The Books of AccountsCorrect answer is option 'A'. Can you explain this answer?

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As per AS 1 disclosure should form part of :

a)
The Final Accounts
b)
The Auditor’s Report
c)
The Director’s Report
d)
The Books of Accounts

Correct answer is option 'A'. Can you explain this answer?

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As per AS 1 disclosure should form part of :a)The Final Accountsb)The ...

AS- 1, issued by ICAI, states that the financial statements of every organization should fairly and adequately disclose the most significant accounting policies followed by the organization in presentation of its annual accounts. Therefore, such disclosure should form part of the Final Accounts.

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As per AS 1 disclosure should form part of :a)The Final Accountsb)The ...

C) The Audit Report

Answered by Freedom Institute · View profile

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As per AS 1 disclosure should form part of :a)The Final Accountsb)The Auditor’s Reportc)The Director’s Reportd)The Books of AccountsCorrect answer is option 'A'. Can you explain this answer?

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