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Window dressing is prohibited due to :
Convention of conservatism
Convention of disclosure
Convention of materiality
Accrual concept
Window dressing is not allowed due to Convention of conservatism
Window dressing is a technique used by companies and financial managers to manipulate financial statements and reports to show more favorable results for a period. Although window dressing is illegal or fraudulent, it is slightly dishonest and is usually done to mislead investors.
By: Ankur sharma ProfileResourcesReport error
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