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Answer Posted / babhu kanchupalli
As we know that an entity can prepare accounts based on the "Accounting principles (Concepts) and Conventions"
Full Disclosure is one of the conventions of Accounting procedure.....
According to this convention accounts of an entity must be free from the secrecy....always an entity must be willing to publish or provide information related to the accounts to any person....it may be a share holder, Govt or any person who ever is interested to know about the financial position of the particular entity....It includes Notes to the Financial statements also......
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