Question

All of the following are the advantages of accounting standards, except _________________ (a) Accounting standards cannot override the statute (b) accounting standards reduce to a reasonable extent confusing variable of the accounting treatments. (c) Accounting standards cal for disclosure beyond that required by law. (d) Accounting standards facilitate comparison of financial statements of companies

Answer 1

All of the following are the advantages of accounting standards, except accounting standards reduce to a reasonable extent confusing variable of the accounting treatments.

So, the answer is :-

[B] accounting standards reduce to a reasonable extent confusing variable of the accounting treatments. ✓✓

Answer 2

Hello Friend

Ans

Option.B

Thank you