Question : When some companies, in order to cover up their bad financial position resort to ----------- i.e., showing a better position than the one which really exists. They change their balance sheet in such a way that the important facts and truth may be concealed.
Option 1: Book keeping
Option 2: Accounting
Option 3: Accountancy
Option 4: Window dressing
Correct Answer: Window dressing
Solution : Answer = Window dressing
Window dressing
refers to the practice of manipulating financial statements to present a more favourable picture of a company's financial position and performance than is the case. This may involve selectively disclosing information, altering accounting methods, or engaging in transactions solely to improve the appearance of stakeholders or investors.
Hence, the correct option is 4.