Window dressing of Accounts means: a) Presenting accounts in beautiful manner b) Showing more loss - (c) Description: Window dressing means beautification of accounts and showing a more rosy picture than what actually is. This is mainly done with the intention of attracting more and more investments from the outsiders. It is not a measure of tax avoidance or showing losses. It just aims at beautification with the objective of gaining more investments. - Fundamentals of Accounting Interview Questions and Answers

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Question: Window dressing of Accounts means:
a) Presenting accounts in beautiful manner
b) Showing more losses to avoid income tax
c) Showing more profits to attract investments
d) All of the above

Answer: (c)
Description: Window dressing means beautification of accounts and showing a more rosy picture than what actually is. This is mainly done with the intention of attracting more and more investments from the outsiders. It is not a measure of tax avoidance or showing losses. It just aims at beautification with the objective of gaining more investments.

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Question: Window dressing of Accounts means:
a) Presenting accounts in beautiful manner
b) Showing more losses to avoid income tax
c) Showing more profits to attract investments
d) All of the above

Answer:

(c)
Description: Window dressing means beautification of accounts and showing a more rosy picture than what actually is. This is mainly done with the intention of attracting more and more investments from the outsiders. It is not a measure of tax avoidance or showing losses. It just aims at beautification with the objective of gaining more investments. Source: CoolInterview.com

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