Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:
What is called when the bad position of the business is tried to be depicted as good?
Options:
Window Dressing
Personal Bias
Price level changes
All of the above
Correct Answer:
Window Dressing
Explanation:
Window dressing means manipulation of accounts so as to present the financial statements in a way to show a better position than the actual. e.g., assets may be overstated and liabilities may be understated.