Accountancy, asked by sushilrawat6009, 1 year ago

Disadvantages of accounting standards in brief

Answers

Answered by sachinarora2001
4
Disadvantage of accounting standards are--

1* Differences in accounting standards are bound to be because of differences in the legal system and traditions from one country to another.

2* Accounting standards have less flexibility or rigid in nature.

3* Accounting standards have lot of time consuming.

4*Accounting standards cannot override the law.
Answered by xxsexx
1
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