Accountancy, asked by shaflowok86, 4 days ago

Discuss the objective of accounting standard?

Answers

Answered by raahilo

0

To provide a standard for the diverse accounting policies and principles. To put an end to the non-comparability of financial statements. To increase the reliability of the financial statements. To provide standards which are transparent for users.

Answered by lahaneseema40

0

Answer:

The main objective of accounting is to keep a systematic record of financial transactions which helps the users to understand the day to day transactions in a systematic manner so as to gain knowledge about overall business.

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