Window Dressing is Prohibited Due to




(A) Conservation Convention

(B) Convention of Disclosure

(C) Convention of Materiality

(D) Arrear of Book Accounts



Correct Answer : (B) 



Explanation : As per convention of disclosure, accountant should show the correct information in the books of account. Same information should be disclosed by him. In  window dressing, accountant or businessman changes the information in accounting records for getting benefits from outside parties. So, as per convention of disclosure, it should be prohibited.

Vinod Kumar

Educator

Prof. Vinod Kumar is an Indian Educator, Motivational Speaker, Naturopathic Practitioner and Entrepreneur . He is the founder of Svtuition... read more »

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