Illustrate the concept of 'window dressing' with a suitable example.
CS Professional · Banking - Law and Practice · PYQS · June 2015
Illustrate the concept of 'window dressing' with a suitable example.
Answer & Explanation:
'Window Dressing' is a situation of presenting a rosy picture instead of the real one. Such a situation is created, intentionally by manipulating the financial statements at the end of the year. For example, some firms try to present a higher current ratio than the actual to create better liquidity impression of the organization.
Topics: Banking Concepts
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