Question

astade four aduandages of
of
accounting
Teacher's Signature...........​

Answer 1

Answer:

Accounting Standards- Objectives, Benefits, Limitations

Financial statements have incredible importance for both internal and external stakeholders. They basically are a report card for the company. So it is important that they are regulated and do not report misleading information. And the Accounting Standards (AS) provide us with a framework for this regulation. Let us take a look.