Question

explain any three objectives of accounting standards.​

Answer 1

To remove the effect of diverse accounting policies and practices

2. To ensure consistency , transparency ,comparability of financial statements

3. To improve the reliability nd credibility of financial statements

Answer 2

Explanation:

• to remove the effect of diverse Accounting and policies .
• to ensure consistency, transparency and compatibility of financial statement .
• to improve the reliability and credibility of financial statement .
• to ensure uniformity in the preparation and presentation of financial statements .
• provide information to the users about the policies adopted in the preparation of financial statement.

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