Question

Which of the following is not an accounting convention?

• A. Materiality
• B. Consistency
• C. Conservatism
• D. Non-disclosure

Hint:

Accounting me disclosure important hota hai—financial information ko hide nahi kiya jata.

Answer 1

The Correct Option is D

Step 1: Understanding accounting conventions.
Accounting conventions wo accepted principles hote hain jo financial statements ko prepare karne me help karte hain. Yeh practical guidelines provide karte hain jisse accounts uniform aur reliable bane.

Step 2: Common accounting conventions.
Important conventions me Materiality, Consistency aur Conservatism shamil hote hain. Yeh accounting practices ko standardize karte hain.

Step 3: Analysis of options.

• (A) Materiality: Yeh ek accounting convention hai jo important information ko highlight karta hai.
  
• (B) Consistency: Yeh bhi convention hai jo ensure karta hai ki same methods follow ho.
  
• (C) Conservatism: Yeh principle losses ko jaldi recognize karta hai aur profits ko cautiously treat karta hai.
  
• (D) Non-disclosure: Incorrect. Accounting me transparency important hoti hai, isliye disclosure hota hai, non-disclosure convention nahi hai.
  

Step 4: Conclusion.
Isliye Non-disclosure accounting convention nahi hai.
Final Answer:} Non-disclosure.