Accountancy, asked by sandhya1261, 5 months ago

accounting standards aim to protect uses of financial report by providing reliable and comparable financial statements- give reason

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Answered by anmol1383

Answer:

The main aim is to improve the reliability of financial statements. Now because the financial statements have to be made following the standards the users can rely on them. They know that not conforming to these standards can have serious consequences for the companies. Then there is comparability.

Answered by das07819

Answer:

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