Accountancy, asked by alishateronpi, 5 months ago

Discuss the relevance of accounting standards in accounting practices.

Answers

Answered by sakilarabiswas2870

Explanation:

The accounting standards help measure the performance of the management of an entity. It can help measure the management's ability to increase profitability, maintain the solvency of the firm, and other such important financial duties of the management. Management also must wisely choose their accounting policies.

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