Contingent liability appears as a footnote in the Balance Sheet. This involves an accounting principle named as

A ) Consistency

B ) Disclosure ✅

C ) Conservatism

D ) Materiality

Related Questions
  1. Perfect market means there are
  2. The price system ensures
  3. Which of the following is correct?
  4. Capital output ratio of a commodity measures
  5. Monetary policy is regulated by
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