State the name of the accounting principle, concept or convention with

1.	State the name of the accounting principle, concept or convention with which the following statements or situations are associated:1. Information about the change in method of stock of inventory valuation and its impact should be disclosed in financial statements.2. Information about the change in method of providing depreciation and its impact should be disclosed in financial statements.
Answer» 1. According to Full disclosure concept, information about the change in methods of stock or inventory valuation and its impact should be disclosed in financial statement. 2. According to Full disclosure concept, information about the change in method of providing depreciation and its impact should be disclosed in financial statements.

State the name of the accounting principle, concept or convention with which the following statements or situations are associated:1. Information about the change in method of stock of inventory valuation and its impact should be disclosed in financial statements.2. Information about the change in method of providing depreciation and its impact should be disclosed in financial statements.

Answer»

1. According to Full disclosure concept, information about the change in methods of stock or inventory valuation and its impact should be disclosed in financial statement.

2. According to Full disclosure concept, information about the change in method of providing depreciation and its impact should be disclosed in financial statements.

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