Accountancy, asked by swaroopsunil5401, 4 days ago

Accounting Standard 1 is ________________ . *
1 point
Recommendatory
No longer valid
Optional
Mandatory

Answers

Answered by palakmathur123
1

Answer:

Mandatory

Explanation:

Accounting Standard 1 states disclosure of accounting policies related or involved while preparing financial statements such that they are understandable and analytical.

Thus, it is mandatory.

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