Question

advantage of accounting standards​

Answer 1

1] Attains Uniformity in Accounting. ...

2] Improves Reliability of Financial Statements. ...

3] Prevents Frauds and Accounting Manipulations. ...

4] Assists Auditors. ...

5] Comparability. ...

6] Determining Managerial Accountability. ...

1] Difficulty between Choosing Alternatives. ...

2] Restricted Scope.